Greek stocks continued moving higher in the ASE

Greek stocks continued moving higher in the Athens Stock Exchange on Wednesday, extending their rally for the 12th session in a row. The general index of the market rose 1.75 pct to end at 791.97 points, its highest closing since June 26, 2015. The index is up 17.93 pct in the last 12 sessions and up 23.05 pct so far this year.

The Large Cap index rose 1.29 pct and the Mid Cap index ended 3.34 pct higher. Turnover was a heavy 128.592 million euros, in volume of 202,452,607 shares.

Viohalco (5.05 pct), Motor Oil (4.78 pct) and Piraeus Port (4.31 pct) scored the biggest percentage gains of the day among blue chip stocks, while OTE (0.20 pct) and Grivalia Properties (0.10 pct) suffered losses.

Among market sectors, Oil (4.47 pct), Industrial Products (3.78 pct) and Financial Services (2.41 pct) scored big gains, while Telecoms (0.20 pct) and Food (0.07 pct) suffered losses. Piraeus Bank and National Bank were the most heavily traded securities. Broadly, advancers led decliners by 91 to 32 with another 23 issues unchanged. Forthnet (15 pct), Intertek (11.60 pct) and Perseus (10 pct) were top gainers while Leventeris (20 pct), Bitros Holdings (18.71 pct) and Naftemporiki (15.63 pct) were top losers.

Greek bond market closing report

The yield spread between the 10-year Greek and German benchmark bonds was unchanged at 5.25 pct in the domestic electronic secondary bond market on Wednesday, with the Greek bond yielding 5.65 pct (5.68 pct on Tuesday) and the German Bund yielding 0.40 pct. Turnover was a thin 4.0 million euros.

In interbank markets, interest rates were largely unchanged. The 12-month rate was -0.124 pct, the nine-month rate was -0.178 pct, the six-month rate was -0.249 pct, the three-month rate was -0.329 pct and the one-month rate was -0.374 pct.