Greek stocks eased in the Athens Stock Exchange on Monday

Greek stocks eased in the Athens Stock Exchange on Monday with the composite index of the market falling 0.10 pct to end at 644.12 points. Analysts said investors were sidelined awaiting news from a Eurogroup meeting in Brussels. The index ended off the day’s lows of 636.93 points. The Large Cap index rose 0.09 pct and the Mid Cap index eased 1.44 pct. Turnover was 40.496 million euros in volume of 74,592,012 shares.

Motor Oil (3.03 pct), Coca Cola HBC (2.14 pct) and Folli Follie (1.71 pct) scored the biggest percentage gains of the day, while National Bank (6.45 pct), PPC (2.94 pct) and Grivalia Properties (2.51 pct) suffered heavy losses. Among market sectors, Oil (2.59 pct), Food (2.12 pct) and Commerce (1.71 pct) scored big gains, while Banks (1.86 pct) and Utilities (1.69 pct) suffered losses. National Bank and Piraeus Bank were the most heavily traded securities of the day. Broadly, decliners led advancers by 69 to 37 with another 25 issues unchanged. Kekrops (25.63 pct), Sato (19.57 pct) and Progressive (19.51 pct) were top gainers, while Boutaris (20 pct), Crete Domiki (19.83 pct) and Vioter (16.67 pct) were top losers.

ADEX closing report

The April contract on the FTSE/ASE Large Cap index was trading at a premium of 0.08 pct in the Athens Derivatives Exchange on Monday. Volume on the Big Cap index totaled 2,012 contracts with 7,615 open positions in the market. Volume in futures contracts on equities totaled 68,289 contracts with investment interest focusing on National Bank’s contracts (46,534), followed by Alpha Bank (5,402), Piraeus Bank (9,934), Eurobank (4,204), MIG (200), OTE (650), PPC (397), OPAP (135), Mytilineos (311), Hellenic Petroleum (178).

Greek bond market closing report

The yield spread between the 10-year Greek and German benchmark bonds widened to 6.98 pct in the domestic electronic secondary bond market on Monday, from 6.88 pct on Friday, with the Greek bond yielding 7.42 pct (7.31 pct on Friday) and the German Bund yielding 0.44 pct. There was no turnover in the market.

In interbank markets, interest rates were largely unchanged. The 12-month rate was -0.111 pct, the nine-month rate fell to -0.172 pct from -0.171 pc, the six-month rate was -0.244 pct, the three-month rate was -0.334 pct and the one-month rate fell to -0.376 pct from -0.371 pct.