Greek stocks ended lower for the second session in a row in the Athens Stock Exchange on Monday, as investors continued taking profits after a 13-day rally which pushed the general index of the market 18.7 pct higher. The index fell 0.86 pct to end at 782.32 points, after rising as much as 0.84 pct early in the session. The Large Cap index fell 0.90 pct and the Mid Cap index ended 0.84 pct higher. Turnover was a low 65.036 million euros in volume of 139,293,600 shares.
PPC (1.95 pct), Viohalco (1.46 pct) and Lamda Development (0.84 pct) scored the biggest percentage gains of the day among blue chip stocks, while Piraeus Bank (3.40 pct), National Bank (3.34 pct),
Hellenic Exchanges (2.39 pct) and Sarantis (1.94 pct) suffered heavy losses.
Among market sectors, Utilities (1.29 pct) and Technology (0.50 pct) scored big gains, while Banks (2.20 pct) and Financial Services (2.10 pct) suffered losses. National Bank and Piraeus Bank were the most heavily traded securities of the day. Broadly, advancers led decliners by 62 to 47 with another 22 issues unchanged. Forthnet (19.67 pct), Lavipharm (19.39 pct) and Perseus (16.36 pct) were top gainers, while Alpha Astika (13.48 pct), Dromeas (13.04 pct) and Alpha Trust (9.87 pct) were top losers.
ADEX closing report
The May contract on the FTSE/ASE Large Cap index was trading at a premium of 0.10 pct in the Athens Derivatives Exchange on Monday. Volume on the Big Cap index totaled 7,369 contracts with 7,170 open positions in the market. Volume in futures contracts on equities totaled 86,195 contracts with investment interest focusing on National Bank’s contracts (38,058), followed by Alpha Bank (3,469), Piraeus Bank (26,555), Eurobank (11,419), MIG (2,491), OTE (766), PPC (967), OPAP (175), Hellenic Exchanges (115), Viohalco (374), Mytilineos (677), Hellenic Petroleum (174), Motor Oil (104), GEK Terna (328), Ellaktor (171).
Greek bond market closing report
The yield spread between the 10-year Greek and German benchmark bonds was almost unchanged at 5.28 pct in the domestic electronic secondary bond market on Monday, from 5.27 pct on Friday, with the Greek bond yielding 5.69 pct (5.67 pct on Friday) and the German Bund yielding 0.41 pct. Turnover was a thin 3.0 million euros.
In interbank markets, interest rates were largely unchanged. The 12-month rate was -0.129 pct, the nine-month rate was -0.179 pct, the six-month rate fell to -0.254 pct from -0.251 pct, the three-month rate was -0.335 pct and the one-month rate fell to -0.379 pct.