Greek stocks ended flat in thin trading conditions in the Athens Stock Exchange

Greek stocks ended flat in thin trading conditions in the Athens Stock Exchange on Tuesday. The composite index of the market eased 0.05 pct to end at 643.16 points, after moving in tight ranges (646.23-640.57 points). The Large Cap index rose 0.06 pct and the Mid Cap index eased 0.16 pct. Turnover was a thin 25.307 million euros in volume of 31,744,266 shares.

Viohalco (2.22 pct), Lamda Development (1.76 pct) and METKA (1.46 pct) scored the biggest percentage gains of the day, while Piraeus Bank (1.14 pct), PPC(1.09 pct) and GEK Terna (0.90 pct) suffered heavy losses.

Among market sectors, Telecoms (1.27 pct) and Industrial Products (1.23 pct) scored big gains, while Utilities (0.93 pct) and Construction (0.79 pct) suffered losses. National Bank and Piraeus Bank were the most heavily traded securities of the day. Broadly, advancers led decliners by 53 to 47 with another 26 issues unchanged. Minerva (29.85 pct), AEGEK (20 pct) and Audiovisual (11.90 pct) were top gainers, while Nikas (19.42 pct), Sarantopoulos Mills (9.05 pct) and Autohellas (8.38 pct) were top losers.

Greek bond market closing report

The yield spread between the 10-year Greek and German benchmark bonds widened to 6.82 pct in the domestic electronic secondary bond market on Tuesday, from 6.70 pct the previous day, with the Greek bond yielding 7.13 pct from 7.04 pct, respectively, while the German Bund yielded 0.31 pct. Turnover was a thin 3.0 million euros of which 2.0 million were sell orders and the remaining 1.0 million euros was a buy order.

In interbank markets, interest rates were largely unchanged. The 12-month rate was -0.11 pct, the nine-month rate was -0.170 pct, the six-month rate rose to -0.240 pct from -0.241 pct, the three-month rate was -0.328 pct and the one-month rate was -0.373 pct.

ADEX closing report

The March contract on the FTSE/ASE Large Cap index was trading at a premium of 0.13 pct in the Athens Derivatives Exchange on Tuesday. Volume on the Big Cap index totaled 3,581 contracts with 9,051 open positions in the market. Volume in futures contracts on equities totaled 51,928 contracts with investment interest focusing on National Bank’s contracts (26,164), followed by Alpha Bank (4,808), Piraeus Bank (11,392), Eurobank (6,869), MIG (817), OTE (353), PPC (208), OPAP (190), Viohalco (376), Mytilineos (129), Hellenic Petroleum (211), Ellaktor (97), Intralot (61) and Jumbo (53).