Greek stocks ended flat in the ASE on Thursday

Greek stocks ended flat in the Athens Stock Exchange on Thursday but the general index of the market was unable to end above the 750-point level which it broke during the day, remaining however in a positive course for the eighth successive session.

The index rose 0.04 pct to end at 748.92 points, off the day’s highs of 756.42 points. The Large Cap index edged 0.05 pct higher and the Mid Cap index eased 0.65 pct. Turnover was a heavy 134.506 million euros in volume of 204,757,884 shares.

Ellaktor (3.76 pct), Mytilineos (2.56 pct) and Titan (2.56 pct) scored the biggest percentage gains among blue chip stocks, while Alpha Bank (3.59 pct), PPC (2.63 pct) and Sarantis (2.04 pct) suffered heavy losses. Among market sectors, Raw Materials (2.56 pct), Telecoms (2.48 pct) and Constructions (2.20 pct) scored big gains, while Utilities (1.91 pct) and Banks (1.72 pct) suffered losses. Piraeus Bank and National Bank were the most heavily traded securities of the day. Broadly, advancers led decliners by 63 to 42 with another 22 issues unchanged. Athina (19.85 pct), ELBE (16.58 pct) and Druckfarben (9.9 pct) were top gainers, while Kreka (18.75 pct), Lazaridis Estate (10 pct) and Unibios (9.79 pct) were top losers.

ADEX closing report

The May contract on the FTSE/ASE Large Cap index was trading at a premium of 0.13 pct in the Athens Derivatives Exchange on Thursday. Volume on the Big Cap index totaled 3,167 contracts with 7,378 open positions in the market. Volume in futures contracts on equities totaled 207,920 contracts with investment interest focusing on Piraeus Bank’s contracts (123,545), followed by Alpha Bank (11,600), National Bank (33,321), Eurobank (25,389), MIG (4,984), OTE (2,602), PPC (795), OPAP (804), Viohalco (203), Mytilineos (2,323), Hellenic Petroleum (767), GEK Terna (257), Ellaktor (767), Jumbo (249), Intralot (269), Folli Follie (230) and Cenergy (139).

Greek bond market closing report

The yield spread between the 10-year Greek and German benchmark bonds widened to 5.94 pct in the domestic electronic secondary bond market on Thursday, after falling for several days to 5.76 pct on Wednesday, with the Greek bond yielding 6.02 pct (6.07 pct the previous day). Turnover in the market jumped to 14 million euros of which 11 million were buy orders.

In interbank markets, interest rates moved lower. The 12-month rate was -0.126 pct, the nine-month rate was -0.179 pct, the six-month rate fell to -0.250 pct from -0.249 pct, the three-month rate was -0.329 pct and the one-month rate fell to -0.374 pct.