Greek stocks ended flat in the Athens Stock Exchange on Tuesday

Greek stocks ended flat in the Athens Stock Exchange on Tuesday, reflecting lack of fresh incentives and directions in the market. The composite index eased 0.37 pct to end at 642.50 points, after rising as much as 0.57 pct early in the day. The Large Cap index fell 0.49 pct and the Mid Cap index rose 0.95 pct. Turnover was a thin 25.994 million euros in volume of 41,005,362 shares.

PPC (1.74 pct), Sarantis (1.52 pct) and Viohalco (1.44 pct) scored big gains, while Jumbo (1.99 pct), OPAP (1.98 pct) and Lamda Development (1.71 pct) suffered the heaviest percentage losses of the day. Among market sectors, Food (1.28 pct), Utilities (1.43 pct) and Financial Services (0.92 pct) scored big gains, while Travel (1.70 pct), Personal Products (1.25 pct) and Banks (1.20 pct) suffered losses.

National Bank and Piraeus Bank were the most heavily traded securities of the day. Broadly, advancers led decliners by 56 to 49 with another 24 issues unchanged. Sfakianakis (18.59 pct), Audiovisual (15.38 pct) and Nakas (9.99 pct) were top gainers, while Chatzikraniotis (19.67 pct), Boutaris (18.75 pct) and Lavipharm (14 pct) were top losers.

ADEX closing report

The January contract on the FTSE/ASE Large Cap index was trading at a premium of 0.09 pct in the Athens Derivatives Exchange on Tuesday. Volume on the Big Cap index totaled 3,628 contracts with 7,568 open positions in the market. Volume in futures contracts on equities totaled 34,861 contracts with investment interest focusing on National Bank’s contracts (12,577), followed by Alpha Bank (4,279), Piraeus Bank (10,993), Eurobank (3,176), MIG (2,896), OTE (251), PPC (211), OPAP (131), Ellaktor (85), Mytilineos (59), Grivalia Properties (37), Viohalco (33) and Hellenic Exchanges (26).

Greek bond market closing report

The yield spread between the 10-year Greek and German benchmark bonds was almost unchanged at 6.73 pct in the domestic electronic secondary bond market on Tuesday, with the Greek bond yielding 7.04 pct and the German Bund yielding 0.31 pct. Turnover was a thin 2.0 million euros.

In interbank markets, interest rates moved lower. The 12-month rate fell to -0.098 pct from -0.095 pct, the nine-month rate was -0.153 pct, the six-month rate was -0.239 pct, the three-month rate was -0.329 pct from -0.316 pct and the one-month rate was -0.372 pct.