Greek stocks ended flat in the Athens Stock Exchange on Tuesday

Greek stocks ended flat in the Athens Stock Exchange on Tuesday with investors sidelined awaiting developments in an ongoing round of negotiations between Greek authorities and the country’s creditors to complete a second review of the Greek bailout programme. The composite index of the market edged 0.08 pct higher to end at 645.88 points, off the day’s highs of 647.72 points. The Large Cap index rose 0.01 pct and the Mid Cap index ended 0.71 pct lower. Turnover was a low 43.550 million euros in volume of 42,291,786 shares.

Eurobank (2.44 pct), Piraeus Bank (2.23 pct), OPAP (1.92 pct) were top gainers among blue chip stocks, while Hellenic Exchanges (2.75 pct), Folli Follie (2.12 pct) and Hellenic Petroleum (2.09 pct) suffered the heaviest percentage losses of the day. Among market sectors, Raw Materials (1.72 pct), Travel (1.44 pct) and Banks (1.41 pct) scored big gains, while Financial Services (2.16 pct) and Commerce (2.12 pct) suffered losses.

Piraeus Bank and National Bank were the most heavily traded securities. Broadly, advancers led decliners by 57 to 42 with another 34 issues unchanged. Pairis (29.93 pct), Chatzikraniotis (19.78 pct) and Akritas (19.42 pct) were top gainers, while Lazaridis Estate (26.51 pct), Kreka (20 pct) and Frigoglass (15.27 pct) were top losers.

Greek bond market closing report

The yield spread between the 10-year Greek and German benchmark bonds shrank further to 6.83 pct in the domestic electronic secondary bond market on Tuesday, from 6.92 pct on Friday last week, with the Greek bond yielding 7.02 pct and the German Bund yielding 0.19 pct. There was no turnover in the market.

In interbank markets, interest rates moved lower. The 12-month rate fell to -0.114 pct from -0.113 pct, the nine-month rate eased to -0.172 pct from 0.0171 pct, the six-month rate was -0.239 pct, the three-month rate was -0.33 pct and the one-month rate was -0.371 pct.

ADEX closing report

The March contract on the FTSE/ASE Large Cap index was trading around its fair value in the Athens Derivatives Exchange on Tuesday. Volume on the Big Cap index totaled 1,044 contracts with 7,865 open positions in the market. Volume in futures contracts on equities totaled 31,527 contracts with investment interest focusing on National Bank’s contracts (13,046), followed by Alpha Bank (3,414), Piraeus Bank (7,803), Eurobank (4,580), MIG (848), OTE (600), PPC (101), OPAP (219), Mytilineos (160), Viohalco (124), Hellenic Petroleum (403), and Ellaktor (70).