Greek stocks ended flat in the Athens Stock Exchange on Monday

Greek stocks ended flat in the Athens Stock Exchange on Monday with investors sidelined awaiting fresh news over talks to conclude a second review of the Greek programe between Greek authorities and the country’s creditors. The composite index rose 0.02 pct to end at 639.27 points, off the day’s highs of 641.82 points. The Large Cap index ended 0.01 pct up and the Mid Cap index rose 0.66 pct. Turnover was a thin 22.371 million euros in volume of 32,173,285 shares.

Aegean Airlines (2.28 pct), Jumbo (1.97 pct) and Hellenic Petroleum (1.81 pct) were top gainers among blue chip stocks, while Titan (2.31 pct), Motor Oil (1.17 pct) and Eurobank (1.11 pct) suffered heavy losses. Among market sectors, Personal Products (1.42 pct) and Raw Materials (1.12 pct) scored big gains, while Construction (1.85 pct) and Banks (0.72 pct) suffered losses.

National Bank and Piraeus Bank were the most heavily traded securities of the day. Broadly, advancers led decliners by 55 to 52 with another 20 issues unchanged. Intertek (25 pct), AXON Holdings (20 pct) and Sato (16.95 pct) were top gainers, while Tzirakian (20 pct), Pasal (16.83 pct) and Foodlink (10 pct) were top losers.

ADEX closing report

The February contract on the FTSE/ASE Large Cap index was trading at a premium of 0.23 pct in the Athens Derivatives Exchange on Monday. Volume on the Big Cap index totaled 777 contracts with 7,515 open positions in the market. Volume in futures contracts on equities totaled 24,483 contracts with investment interest focusing on Piraeus Bank’s contracts (10,070), followed by Alpha Bank (1,889), National Bank (9,917), Eurobank (1,472), MIG (242), OTE (91), PPC (158), OPAP (60), Mytilineos (292), Hellenic Petroleum (69), Intralot (41), Folli Follie (19), Jumbo (36) and Ellaktor (36).

Greek bond market closing report

The yield spread between the 10-year Greek and German benchmark bonds widened slightly to 6.72 pct in the domestic electronic secondary bond market on Monday, from 6.69 pct on Friday, with the Greek bond yielding 7.07 pct and the German Bund yielding 0.37pct. Turnover was a thin 1.0 million euros.

In interbank markets, interest rates continued falling. The 12-month rate eased to -0.101 pct from -0.100 pct, the nine-month rate fell to -0.156 pct from -0.155 pct, the six-month rate was -0.241 pct, the three-month rate was -0.327 pct and the one-month rate was-0.372 pct.