Greek stocks ended flat in the Athens Stock Exchange

Greek stocks ended flat in the Athens Stock Exchange on Thursday as investors remained on the sidelines, awaiting news from ongoing negotiations between Greek authorities and its creditors to conclude a second review of the Greek program. The composite index of the index eased 0.02 pct to end at 656.04 points, with the Large Cap index rising 0.11 pct and the Mid Cap index ending 0.11 pct lower. Turnover was a thin 32.752 million euros, in volume of 39,001,689 shares.

Sarantis (1.66 pct), OTE (1.17 pct) and National Bank (0.79 pct) were top gainers among blue chip stocks, while Hellenic Petroleum (1.51 pct), Titan (1.37 pct) and Jumbo (1.18 pct) suffered heavy losses.

Among market sectors, Technology (2.13 pct) and Telecoms (1.17 pct) scored big gains, while Constructions (1.08 pct) and Raw Materials (0.98 pct) suffered heavy losses. National Bank and Piraeus Bank were the most heavily traded securities of the day. Broadly, decliners led advancers by 48 to 47 with another 43 issues unchanged. Minerva (30 pct), Pegasus (20 pct) and GE Demetriou (18.18 pct) were top gainers, while Douros (20 pct), Dionic (19.62 pct) and Chaidemenos (15.54 pct) were top losers.

Greek bond market closing report

The yield spread between the 10-year Greek and German benchmark bonds rose slightly to 6.68 pct in the domestic electronic secondary bond market on Thursday, from 6.65 pct the previous day, with the Greek bond yielding 6.99 pct and the German Bund yielding 0.31 pct. There was no turnover in the market.

In interbank markets, interest rates were largely unchanged. The 12-month rate was -0.114 pct, the nine-month rate was -0.172 pct, the six-month rate fell to -0.238 pct from -0.237 pct, the three-month rate was -0.329 pct and the one-month rate fell to -0.372 pct.

ADEX closing report

The March contract on the FTSE/ASE Large Cap index was trading at a premium of 0.12 pct in the Athens Derivatives Exchange on Thursday. Volume on the Big Cap index totaled 797 contracts with 8,578 open positions in the market. Volume in futures contracts on equities totaled 19,678 contracts with investment interest focusing on National Bank’s contracts (5,905), followed by Alpha Bank (2,672), Piraeus Bank (4,128), Eurobank (3,909), MIG (1,297), OTE (489), PPC (266), OPAP (293), Viohalco (140), Mytilineos (97), Hellenic Petroleum (230), Intralot (70) and Cenergy Holdings (92).