Greek stocks eased slightly in the Athens Stock Exchange on Wednesday

Greek stocks eased slightly in the Athens Stock Exchange on Wednesday with investors remaining on the sidelines awaiting fresh news and incentives. Bank shares came under pressure and eased, while blue chip stocks such as Viohalco, Hellenic Petroleum, PPC and OTE ended higher. The composite index of the market fell 0.14 pct to end at 593.02 points after moving within tight ranges throughout the session. The Large Cap index eased 0.04 pct and the Mid Cap index rose 1.12 pct. Turnover was a thin 27.496 million euros in volume of 67,994,289 shares.

Viohalco (5.38 pct), Hellenic Petroleum (2.73 pct) and GEK Terna (2.40 pct) scored the biggest percentage gains of the day among blue chip stocks, while Metka (2.85 pct), Eurobank (2.57 pct) and Folli Folile (1.73 pct) suffered heavy losses.

Among market sectors, Chemicals (2.95 pct), Personal Products (1.95 pct) and Telecoms (1.66 pct) scored big gains, while Commerce (1.73 pct) and Banks (1.18 pct) suffered losses.

National Bank and Cyprus Bank were the most heavily traded securities of the day. Broadly, decliners led advancers by 51 to 50 with another 24 issues unchanged. Motodynamic (29.63 pct), Lavipharm (17.24 pct) and Trastor (14.62 pct) were top gainers, while Evrofarma (29.69 pct), Kepenos Mills (9.56 pct) and Moda Bagno (9.40 pct) were top losers.

ADEX closing report

The October contract on the FTSE/ASE Large Cap index was trading at a discount of 0.05 pct in the Athens Derivatives Exchange on Wednesday. Volume on the Big Cap index totaled 4,757 contracts with 7,912 open positions in the market. Volume in futures contracts on equities totaled 22,652 contracts with investment interest focusing on Piraeus Bank’s contracts (7,405), followed by Alpha Bank (2,432), National Bank (3,190), Eurobank (4,144), MIG (2,776), OTE (363), PPC (794), Viohalco (140), Mytilineos (598), Hellenic Petroleum (195), GEK Terna (131), Ellaktor (117), Intralot (125) and Jumbo (79).

Greek bond market closing report

The yield spread between the 10-year Greek and German benchmark bonds eased slightly to 8.37 pct in the domestic electronic secondary bond market on Wednesday, from 8.38 pct the previous day, with the Greek bond yielding 8.40 pct and the German Bund yielding 0.03 pct. There was no turnover in the market.

In interbank markets, interest rates were largely unchanged. The 12-month rate was -0.073 pct, the nine-month rate rose to -0.132 pct from -0.133 pct, the six-month rate fell to -0.210 pct from -0.209 pct, the three-month rate fell to -0.313 pct from -0.312 pct and the one-month rate was -0.371 pct.