Greek stocks continued moving higher in the Athens Stock Exchange on Thursday, pushing the composite index of the market above the 600-point technical level for the first time since June 23, the Brexit vote day in the UK. Traders said market sentiment was encouraged by expectations of a swift completion of a second review of the Greek program and by improved results announced by Greek-listed companies.
The index rose 1.49 pct to end at 601.07 points, off the day’s highs of 602.19 points. The Large Cap index rose 1.79 pct and the Mid Cap index ended 1.24 pct higher. Turnover was an improved 52.719 million euros in volume of 90,152,423 shares.
Mytilineos (6.06 pct), Eurobank (5.36 pct) and National Bank (5.32 pct) scored the biggest percentage gains of the day among blue chip stocks, while Titan (1.06 pct), Coca Cola HBC (0.87 pct) and Metka (0.86 pct) suffered heavy losses. Among market sectors, Raw Materials (6.06 pct), Banks (4.86 pct) and Personal Products (2.99 pct) scored big gains, while Food (0.87 pct) and Utilities (0.02 pct) suffered losses.
National Bank and Piraeus Bank were the most heavily traded securities of the day. Broadly, advancers led decliners by 65 to 30 with another 19 issues unchanged. Pegasus (20 pct), Chatzikraniotis (19.67 pct) and Boutaris (15.69 pct) were top gainers, while Sidma (14.36 pct), Viokarpet (9.77 pct) and Elastron (7.73 pct) were top losers.
ADEX closing report
The November contract on the FTSE/ASE Large Cap index was trading at a discount of 0.05 pct in the Athens Derivatives Exchange on Thursday. Volume on the Big Cap index totaled 4,237 contracts with 8,616 open positions in the market. Volume in futures contracts on equities totaled 77,989 contracts with investment interest focusing on National Bank’s contracts (35,592), followed by Alpha Bank (7,716), Piraeus Bank (21,121), Eurobank (8,381), MIG (848), OTE (718), PPC (453), OPAP (427), Viohalco (121), Mytilineos (1,446), Hellenic Petroleum (277), Motor Oil (116), Metka (225), GEK Terna (146), Ellaktor (183).