Greek stocks ended higher in the Athens Stock Exchange on Monday, boosted by late market optimism over a positive outcome in a Eurogroup meeting in Brussels. The composite index rose 1.01 pct to end at 645.95 points, after rising as much as 1.27 pct during the session. The Large Cap index rose 1.04 pct and the Mid Cap index ended 0.35 pct higher.
Turnover was an improved 46.954 million euros in volume of 97,593,437 shares. Buying interest focused on bank shares and PPC shares. Piraeus Bank (5.11 pct), National Bank (4.87 pct), Alpha Bank (3.37 pct) and Eurobank (2.83 pct) scored the biggest percentage gains of the day, while Jumbo (3.75 pct), Grivalia Properties (2.82 pct) and Viohalco (0.56 pct) suffered heavy losses. Among market sectors, Banks (3.90 pct), Commerce (1.42 pct) and Utilities (1.36 pct) scored big gains, while Personal Products (2.77 pct) and Real Estate (1.76 pct) suffered losses.
National Bank and Piraeus Bank were the most heavily traded securities of the day. Broadly, advancers led decliners by 51 to 43 with another 35 issues unchanged. Lazaridis Estate (29.21 pct), Elinoil (17.14 pct) and Epilektos (9.79 pct) were top gainers, while Pegasus (19.23 pct), Audiovisual (18.09 pct) and Nakas (17.72 pct) were top losers.
ADEX closing report
The March contract on the FTSE/ASE Large Cap index was trading at a premium of 0.09 pct in the Athens Derivatives Exchange on Monday. Volume on the Big Cap index totaled 2,063 contracts with 7,727 open positions in the market. Volume in futures contracts on equities totaled 82,576 contracts with investment interest focusing on National Bank’s contracts (32,068 ), followed by Alpha Bank (9,123), Piraeus Bank (27,246), Eurobank (10,261), MIG (1,899), OTE (393), PPC (415), Viohalco (210), Mytilineos (344), Hellenic Petroleum (257), Ellaktor (102).
Greek bond market closing report
The yield spread between the 10-year Greek and German benchmark bonds shrank further to 7.40 pct in the domestic electronic secondary bond market on Monday, from 7.48 pct on Friday, with the Greek bond yielding 7.71 pct and the German Bund yielding 0.30 pct. There was no turnover in the market.
In interbank markets, interest rates were largely unchanged. The 12-month rate was -0.109 pct, the nine-month rate was -0.169 pct, the six-month rate was -0.239 pct, the three-month rate was -0.329 pct and the one-month rate rose to -0.369 pct.