Greek stocks ended flat in the Athens Stock Exchange

Greek stocks ended flat in the Athens Stock Exchange on Wednesday, recovering early heavy losses in what traders described as a technical rebound of the market. The composite index rose 0.04 pct to end at 640.65 points, after falling to 629.73 points. The Large Cap index rose 0.20 pct and the Mid Cap index eased 0.57 pct. Turnover was 50.739 million euros in volume of 78,606,682 shares.

Piraeus Bank (3.29 pct), Grivalia Properties (3.23 pct) and Hellenic Exchanges (1.72 pct) scored the biggest percentage gains of the day among blue chip stocks, while Motor Oil (4.12 pct), Ellaktor (1.72 pct) and Titan (1.70 pct) suffered heavy losses.

Among market sectors, Real Estate (1.94 pct), Financial Services (1.36 pct) and Raw Materials (0.71 pct) scored big gains, while Oil (2.95 pct), Technology (1.61 pct) and Construction (1.54 pct) suffered heavy losses. Piraeus Bank and National Bank were the most heavily traded securities of the day.

Broadly, decliners led advancers by 54 to 39 with another 42 issues unchanged. Moda Bagno (25 pct), Intertek (23.62 pct) and Euroconsultants (12.73 pct) were top gainers while Audiovisual (21.51 pct), Kekrops (18.08 pct) and Vioter (18 pct) were top losers.

ADEX closing report

The April contract on the FTSE/ASE Large Cap index was trading at a premium of 0.07 pct in the Athens Derivatives Exchange on Wednesday. Volume on the Big Cap index totaled 3,225 contracts with 8,063 open positions in the market. Volume in futures contracts on equities totaled 64,680 contracts with investment interest focusing on Piraeus Bank’s contracts (26,146), followed by Alpha Bank (7,307), National Bank (23,152), Eurobank (5,707), MIG (205), OTE (515), PPC (236), OPAP (149), Mytilineos (471), Hellenic Petroleum (275), Ellaktor (114).

Greek bond market closing report

The yield spread between the 10-year Greek and German benchmark bonds was almost unchanged at 6.98 pct in the domestic electronic secondary bond market on Wednesday, from 6.97 pct the previous day, with the Greek bond yielding 7.38 pct and the German Bund yielding 0.40 pct. There was no turnover in the market.

In interbank markets, interest rates were mixed. The 12-month rate fell to -0.107 pct from -0.106 pct, the nine-month rate fell to -0.173 pct from -0.172 pct, the six-month rate was -0.245 pct, the three-month rate was -0.335 pct and the one-month rate was -0.378 pct from -0.379 pct.