Greek stocks end slightly lower in the Athens Stock Exchange on Monday

Greek stocks ended slightly lower in the Athens Stock Exchange on Monday as investors took profits after Friday’s sharp advance. Traders said investors’ interest now focused on the beginning of talks to complete a second review of the Greek bailout program. The composite index of the market fell 0.55 pct to end at 586.06 points, off the day’s lows of 584.75 points.

Turnover was a low 34,939,329 shares. The Large Cap index fell 0.68 pct and the Mid Cap index eased 0.16 pct. Jumbo (1.59 pct), Mytilineos (1.24 pct) and OPAP (0.81 pct) scored the biggest percentage gains of the day, while Ellaktor (6.72 pct), Alpha Bank (2.42 pct) and OTE (2.12 pct) suffered heavy losses.

Among market sectors, Personal Products (1.27 pct) and Raw Materials (1.24 pct) scored big gains, while Telecoms (2.12 pct) and Constructions (2.07 pct) suffered losses. National Bank and Eurobank were the most heavily traded securities of the day. Broadly, decliners led advancers by 58 to 43 with another 15 issues unchanged.

Evrofarma (20 pct), Eurobrokers (11.11 pct) and Kekrops (9.97 pct) were top gainers, while Ionian Hotels (16.58 pct), Forthnet (10.12 pct) and FG Europe (9.81 pct) were top losers.

The October contract on the FTSE/ASE Large Cap index was trading at a premium of 0.16 pct in the Athens Derivatives Exchange on Monday.

Volume on the Big Cap index totaled 1,479 contracts with 7,317 open positions in the market. Volume in futures contracts on equities totaled 16,543 contracts with investment interest focusing on Alpha Bank’s contracts (4,075), followed by National Bank (3,467), Piraeus Bank (2,322), Eurobank (3,370), MIG (1,208), OTE (527), PPC (191), Mytilineos (517), GEK Terna (295), Ellaktor (218), Intralot (57), Metka (44), Hellenic Exchanges (93), OPAP (39) and Piraeus Port (31).