Greek stocks advance for third session in a row in the Athens Stock Exchange

Greek stocks ended higher for the third session in a row in the Athens Stock Exchange on Tuesday, with the market overcoming its morning nervousness.

The composite index of the market rose 066 pct to end at 633.32 points. Turnover was a low 42.9 million euros in a volume of 77.5 million shares. The Large Cap index rose 0.47 pct and the Mid Cap index ended 1.55 pct higher.

Lamda (6.61 pct), Alpha Bank (3.55 pct) and Hellenic Exchanges (2.41 pct) scored the biggest percentage gains of the day among blue chip stocks, while National Bank (-1.29 pct), OPAP (-1.21 pct) and Piraeus Bank (-1.09 pct) suffered losses.

National Bank and Piraeus Bank were the most heavily traded securities of the day. Advancers outpaced decliners by 69 to 34, with another 139 issues remain unchanged.

Among market sectors, Financial Services (1.91 pct) and Oil and Gas (1.26 pct) scored big gains, while Travel and Leisure (-0.74 pct) and Telecoms (-0.70 pct) suffered losses. Ktima Lazaridis (29.85 pct), Alumyl (15.92 pct) and Intracom (12.58 pct) were top gainers, while Centric (-9.52 pct), ELGEKA (-9.49 pct) and Epilektos (-8.81 pct) were top losers.

Greek bond market closing report

Greek bond yields rose on Tuesday as uncertainty remained about the conclusion of negotiations between Greek authorities and its creditors to complete a second review of its program.

The 10-year Greek benchmark bond yielded 7.45 pct from 7.02 pct on Monday, and the German Bund yielded 0.37 pct, with the yield spread between the Greek and German bonds rising to 7.12 pct. Turnover was a thin 1.0 million euros, all sell orders.

In interbank markets, interest rates were largely unchanged. The 12-month rate was -0.104 pct from -0.102 pct, the nine-month rate fell to -0.164 pct from -0.163 pct, the six-month rate was -0.240 pct, the three-month rate was -0.329 pct from -0.328 pct and the one-month rate was -0.374 pct.