Greek stocks continued moving higher for the second successive session

Greek stocks continued moving higher for the second successive session pushing the composite index closer to the 630-point level in the Athens Stock Exchange on Friday. The composite index of the market rose 0.94 pct to end at 628.92 points, for a net loss of 1.20 pct this week. The index is down 2.29 pct so far this year. The Large Cap index rose 1.12 pct and the Mid Cap index eased 0.92 pct. Turnover was a thin 26.477 million euros in volume of 48,749,310 shares.

Jumbo (4.52 pct), Piraeus Bank (3.33 pct), National Bank (1.33 pct) were top gainers among blue chip stocks, while PPC (2.23 pct), Viohalco (1.99 pct) and Hellenic Exchanges (1.61 pct) suffered the heaviest percentage losses of the day. Among market sectors, Personal Products (3.35 pct), Commerce (2.13 pct) and Banks (1.74 pct) scored big gains, while Utilities (1.12 pct) and Financial Services (0.97 pct) suffered losses.

National Bank and Piraeus Bank were the most heavily traded securities of the day. Broadly, advancers led decliners by 56 to 39 with another 22 issues unchanged. Progressive (18.42 pct), Boutaris (17.02 pct) and Epsilon Net (10 pct) were top gainers, while Motodynamic (21.27 pct), Unibios (20.35 pct) and GE Demetriou (16.67 pct) were top losers.

ADEX closing report

The February contract on the FTSE/ASE Large Cap index was trading at a discount of 0.27 pct in the Athens Derivatives Exchange on Friday. Volume on the Big Cap index totaled 906 contracts with 7,483 open positions in the market. Volume in futures contracts on equities totaled 47,646 contracts with investment interest focusing on National Bank contracts (21,734), followed by Alpha Bank (5,293), Piraeus Bank (14,199), Eurobank (4,166), MIG (833), OTE (125), PPC (429), OPAP (207), Mytilineos (130), Ellaktor (136), Jumbo (107), Hellenic Petroleum (43), Viohalco (43) and Hellenic Exchanges (84).

Greek bond market closing report

The yield spread between the 10-year Greek and German benchmark bonds shrank further to 7.10 pct in the domestic electronic secondary bond market on Friday, from 7.13 pct the previous day, with the Greek bond yielding 7.50 pct and the German Bund yielding 0.40pct. Turnover was a thin 1.0 million euros.

In interbank markets, interest rates were largely unchanged. The 12-month rate rose to -0.101 pct from -0.102 pct, the nine-month rate was -0.159 pct from -0.160 pct, the six-month rate was -0.244 pct, the three-month rate was -0.328 pct and the one-month rate was -0.373 pct.