Greek stocks ended flat in the Athens Stock Exchange

Greek stocks ended flat in the Athens Stock Exchange on Thursday as the market remained frozen awaiting news from ongoing negotiations between Greek authorities and its creditors to conclude a second review of the Greek bailout program. The general index of the market eased 0.07 pct to end at 640.20 points. The Large Cap index edged 0.04 pct higher and the Mid Cap index rose 0.60 pct. Turnover amounted to 44.69 million euros in volume of 68.3 million shares.

Sarantis (5.66 pct), Hellenic Petroleum (2.80 pct) and Titan (2.66 pct) scored the biggest percentage gains of the day among blue chip stocks, while Aegean Airlines (2.47 pct), Hellenic Exchanges (2.33 pct) and Folli Follie (2.0 pct) suffered heavy losses. Among market sectors, Media (9.59 pct) and Construction (1.87 pct) scored big gains, while Financial Services (2.39 pct) and Commerce (2.0 pct) suffered losses.

National Bank and Piraeus Bank were the most heavily traded securities of the day. Broadly, advancers led decliners by 67 to 47 with another 129 issues unchanged. Intrakat (30 pct), Leventeris (27 pct) and Kekrops (18.62 pct) were top gainers, while Q&R (13.82 pct), FG Europe (10 pct) and Viokarpet (9.63 pct) were top losers.

Greek bond market closing report

The yield spread between the 10-year Greek and German benchmark bonds eased to 6.90 pct in the domestic electronic secondary bond market on Thursday, from 6.98 pct the previous day, with the Greek bond yielding 7.32 pct (7.38 pct on Wednesday) and the German Bund yielding 0.42 pct. Turnover was an extremely thin 1.0 million euros.

In interbank markets, interest rates were mixed. The 12-month rate fell to -0.108 pct from -0.107 pct, the nine-month rate was -0.173 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.