Greek stocks rebounded in the Athens Stock Exchange on Monday, after last week’s decline which pushed the composite index of the market 2.91 pct lower. Bank shares were at the focus of buying interest. The composite index rose 1.16 pct to end at 580.57 points, off the day’s highs of 584.80 points. The Large Cap index rose 1.40 pct and the Mid Cap index rose 1.16 pct. Turnover was an improved 39.986 million euros in volume of 60,851,283 shares.
Piraeus Bank (6.47 pct), Alpha Bank (4.79 pct) and Jumbo (3.74 pct) scored the biggest percentage gains of the day, while Coca Cola HBC (0.82 pct), Metka (0.78 pct) and Titan (0.71 pct) suffered heavy losses.
Among market sectors, Chemicals (5.71 pct), Banks (3.96 pct) and Personal Products (3.37 pct) scored big gains, while Food (0.82 pct) and Raw Materials (0.20 pct) suffered losses.
National Bank and Piraeus Bank were the most heavily traded securities of the day. Broadly, advancers led decliners by 56 to 34 with another 25 issues unchanged. Elinoil (29.68 pct), Athina (17.65 pct) and Boutaris (15.79 pct) were top gainers, while ANEK (9.84 pct), Mermeren (8.33 pct) and Papoutsanis (6.98 pct) were top losers.
Greek bond market closing report
The yield spread between the 10-year Greek and German benchmark bonds continued shrinking in the domestic electronic secondary bond market on Monday, falling to 7.42 pct from 7.66 pct on Friday. The Greek bond yielded 7.56 pct and the German Bund yielded 0.14 pct. Turnover was a strong 8.0 million euros, all buy orders.
In interbank markets, interest rates moved slightly up. The 12-month rate rose to -0.070 pct from -0.072 pct, the nine-month rate rose to -0.130 pct from -0.132 pct, the six-month rate rose to -0.211 pct from -0.214 pct, the three-month rate was -0.312 pct and the one-month rate rose to -0.373 pct
ADEX closing report 7/11
The November contract on the FTSE/ASE Large Cap index was trading at a premium of 0.06 pct in the Athens Derivatives Exchange on Monday.
Volume on the Big Cap index totaled 3,709 contracts with 7,225 open positions in the market. Volume in futures contracts on equities totaled 56,559 contracts with investment interest focusing on Piraeus Bank’s contracts (17,257), followed by Alpha Bank (5,575), National Bank (15,124), Eurobank (8,613), MIG (7,806), OTE (347), PPC (700), OPAP (520), Mytilineos (198), Ellaktor (86), Viohalco (81), Intralot (43), GEK Terna (45) and Metka (28).