Greek stocks ended higher in the Athens Stock Exchange on Tuesday in thin trading conditions as investors remained on the sidelines – as in other international markets – awaiting the outcome of the presidential elections in the US.
The composite index of the market rose 0.28 pct to end at 582.20 points, off the day’s highs of 584.75 points. The Large Cap index ended 0.34 pct higher and the Mid Cap index rose 0.43 pct. Turnover was a thin 24.907 million euros in volume of 39,967,022 shares.
Aegean Airlines (2.13 pct), Folli Follie (1.57 pct) and Athens Water (1.48 pct) were top gainers among blue chip stocks, while Viohalco (1.56 pct), Grivalia Properties (1.10 pct) and Lamda Development (1.02 pct) suffered heavy losses.
Among market sectors, Commerce (1.57 pct) and Travel (1.18 pct) scored big gains, while Real Estate (1.06 pct) and Industrial Products (0.64 pct) were top losers.
National Bank and Piraeus Bank were the most heavily traded securities of the day. Broadly, advancers led decliners by 46 to 35 with another 32 issues unchanged. Elgeka (9.84 pct), Lavipharm (9.57 pct) and Selonda (8.05 pct) were top gainers, while Akritas (20 pct), Pasal (20 pct) and Athina (10 pct) were top losers.
Greek bond market closing report
The yield spread between the 10-year Greek and German benchmark bonds shrank further to new six-month lows in the domestic electronic secondary bond market on Tuesday, falling to 7.17 pct from 7.42 pct on Monday. The Greek bond yielded 7.32 pct and the German Bund yielded 0.15 pct. Turnover totaled 4.0 million euros, all buy orders.
In interbank markets, interest rates were mixed. The 12-month rate was -0.070 pct, the nine-month rate rose to -0.129 pct from -0.130 pct, the six-month rate was -0.211 pct, the three-month rate was -0.312 pct and the one-month rate was -0.374 pct.
ADEX closing report
The November contract on the FTSE/ASE Large Cap index was trading at a discount of 0.02 pct in the Athens Derivatives Exchange on Tuesday. Volume on the Big Cap index totaled 3,982 contracts with 8,089 open positions in the market. Volume in futures contracts on equities totaled 23,524 contracts with investment interest focusing on Alpha Bank’s contracts (6,709), followed by National Bank (2,150), Piraeus Bank (4,034), Eurobank (4,582), MIG (3,826), OTE (269), PPC (1,006), OPAP (407), Mytilineos (195), Athens Water (117), Intralot (58), Metka (36), Viohalco (12) and Hellenic Petroleum (12).