Greek stocks ended higher in the Athens Stock Exchange on Monday, with investors buoyed by the European Commission’s positive forecasts for the Greek economy and news that EU Commissioner Pierre Moscovici will visit Athens this week.
The composite index of the market rose 0.86 pct to end at 629.14 points, off the day’s highs of 632.11 points, after falling as much as 0.70 pct early in the day. The Large Cap index rose 0.77 pct and the Mid Cap index ended 0.10 pct higher. Turnover was a low 32.318 million euros in a volume of 83,413,733 shares.
Viohalco (6.51 pct), Piraeus Bank (3.98 pct), Eurobank (2.80 pct) scored the biggest percentage gains of the day among blue chip stocks, while Lamda Development (1.38 pct), Sarantis (0.76 pct) and OTE (0.58 pct) suffered heavy losses.
Among market sectors, Banks (2.32 pct), Industrial Products (1.71 pct0 and Utilities (1.58 pct) scored big gains, while Telecoms (0.58 pct) and Traval (0.35 pct) suffered losses. Piraeus Bank and National Bank were the most heavily traded securities of the day. FHL Kiriakidis (17.54 pct), Kloukinas-Lappas (12.62 pct) and Centric Holdings (11.70 pct) were top gainers, while Lazaridis Estate (29.47 pct), Perseus (20 pct) and Revoil (19.80 pct) were top losers.
ADEX closing report
The February contract on the FTSE/ASE Large Cap index was trading at a discount of 0.21 pct in the Athens Derivatives Exchange on Monday. Volume on the Big Cap index totaled 3,448 contracts with 9,036 open positions in the market. Volume in futures contracts on equities totaled 53,632 contracts with investment interest focusing on National Bank’s contracts (21,910), followed by Alpha Bank (4,554), Piraeus Bank (16,308), Eurobank (6,559), MIG (2,347), OTE (202), PPC (212), OPAP (187), Viohalco (585), Mytilineos (266), Ellaktor (235).
Greek bond market closing report
Greek bond yields fell on Monday as investors seemed more optimistic over a positive conclusion of negotiations between Greek authorities and its creditors to complete a second review of the Greek programme. The 10-year Greek benchmark bond yielded 7.02 pct from 7.39 pct on Friday, and the German Bund yielded 0.32 pct, with the yield spread between the Greek and German bonds falling to 7.02 pct. Turnover was a thin 3.0 million euros, all sell orders.
In interbank markets, interest rates were largely unchanged. The 12-month rate was -0.102 pct from -0.101 pct, the nine-month rate fell to -0.163 pct from -0.161 pct, the six-month rate was -0.240 pct, the three-month rate was -0.329 pct from -0.328 pct and the one-month rate was -0.373 pct.