Greek stocks edged lower in the Athens Stock Exchange on Wednesday

Greek stocks edged lower in the Athens Stock Exchange on Wednesday in a session dominated by a sharp rise in OPAP’s share price (+7.24 pct) after the lottery organisation said it would restart plans for VLTs operations in Greece.
The composite index of the market eased 0.19 pct to end at 581.56 points, off the day’s lows of 580.40 points. The Large Cap index eased 0.23 pct and the Mid Cap index ended 0.45 pct lower. Turnover was an improved 55.525 million euros, of which 17.2 million were block traders. Volume was 34,830,540 shares.

OPAP (7.24 pct), Motor Oil (1.38 pct) and Lamda Development (1.02 pct) were top gainers among blue chip stocks, while Ellaktor (3.25 pct), PPC (3.07 pct) and Titan (1.88 pct) suffered the heaviest percentage losses of the day.
Among market sectors, Travel (6.41 pct) and Oil (0.76 pct) scored big gains, while Constructions (1.80 pct), Telecoms (1.23 pct) and Utilities (1.19 pct) suffered losses. National Bank and Eurobank were the most heavily traded securities of the day. Broadly, decliners led advancers by 57 to 38 with another 26 issues unchanged.

Hatzikraniotis (20 pct), Ekter (15.68 pct) and Leventeris (13.6 pct) were top gainers, while Mermeren (15.31 pct), Alumil (11.87 pct) and Livanis Publications (10.53 pct) were top losers.

Greek bond market closing report

The yield spread between the 10-year Greek and German benchmark bonds fell below 8.0 pct for the first time since last July, as the market enjoyed improved turnover for the second successive session in the domestic electronic secondary bond market on Wednesday. The yield spread fell to 7.93 pct from 8.13 pct on Tuesday, with the Greek bond yielding 8.06 pct and the German Bund yielding 0.12 pct. Turnover was an improved 7.0 million euros, all buy orders. Traders attributed this development to a positive climate prevailing in European state bond markets, which benefit from increased uncertainty ahead of the Presidential elections in the US.

In interbank markets, interest rates were mixed. The 12-month rate was -0.071 pct, the nine-month rate rose to -0.131 pct from -0.133 pct, the six-month rate rose to -0.213 pct from -0.214 pct, the three-month rate was -0.313 pct and the one-month rate was -0.373 pct.

ADEX closing report

The November contract on the FTSE/ASE Large Cap index was trading at a premium of 0.08 pct in the Athens Derivatives Exchange on Wednesday. Volume on the Big Cap index totaled 1,540 contracts with 7,121 open positions in the market, while volume in futures contracts on equities totaled 25,039 contracts with investment interest focusing on National Bank’s contracts (6,279), followed by Alpha Bank (4,082), Piraeus Bank (3,242), Eurobank (6,045), MIG (884), OTE (601), PPC (1,080), OPAP (2,310), Viohalco (55), Mytilineos (151), Ellaktor (111), Jumbo (26), Intralot (25) and Hellenic Petroleum (28).