Greek stocks ended higher in the ASE on Tuesday

Greek stocks ended higher in the Athens Stock Exchange on Tuesday pushing the general index of the market above the 850-point level for the first time since July 20, 2017. The index rose 0.60 pct to end at 852.81 points.

The Large Cap index rose 0.57 pct and the Mid Cap index ended 0.21 pct lower. Turnover was an improved 72.117 million euros in volume of 38,925,252 shares. Jumbo (4.03 pct), OTE (2.01 pct) and Titan (1.94 pct) scored big gains among blue chip stocks, while Athens Water (1.99 pct), Piraeus Bank (1.69 pct) and Coca Cola HBC (0.85 pct) suffered losses. Among market sectors, Personal Products (3.25 pct) and Telecoms (2.01 pct) scored gains, while Health (1.61 pct) and Food (0.85 pct) suffered losses. National Bank and Attica Bank were the most heavily traded securities of the day. Broadly, advancers led decliners by 68 to 48 with another 17 issues unchanged. Nikas (17.5 pct), AEGEk (12.9 pct) and Viokarpet (9.66 pct) were top gainers,while Leventeris (28.89 pct), Vioter (9.03 pct) and Revoil (8.2 pct) were top losers.

ADEX closing report

The January contract on the FTSE/ASE Large Cap index was trading at a premium of 0.24 pct in the Athens Derivatives Exchange on Tuesday. Volume on the Large Cap index totaled 9,683 contracts with 10,886 open positions in the market, while volume in futures contracts on equities totaled 21,813 contracts. Investment interest focusing on National Bank’s contracts (8,625), followed by Alpha Bank (1,550), Piraeus Bank (1,343), Eurobank (1,758), MIG (3,646), OTE (733), PPC (218), ADMIE (111), Viohalco (348), Mytilineos (230), Ellaktor (223), Jumbo (156), Intralot (1,484), Terna Energy (167), Cenergy (270) and Attica Bank (307).

Greek bond market closing report

The yield spread between the 10-year Greek and German benchmark bonds eased to 3.27 pct in the domestic electronic secondary bond market on Tuesday, from 3.50 pct on Monday, with the Greek bond yielding 3.82 pct (3.90 pct the previous day) and the German Bund yielding 0.55 pct. Turnover was a strong 21 million euros.

In interbank markets, interest rates were mixed. The 12-month rate fell to -0.195 pct from -0.188 pct, the nine-month rate rose to -0.222 pct from -0.223 pct, the six-month rate was -0.278 pct, the three-month rate was -0.326 pct and the one-month rate was -0.371 pct.