Greek stocks ended higher in the Athens Stock Exchange on Wednesday

Greek stocks ended higher in the Athens Stock Exchange on Wednesday with the general index approaching the 770-point technical level supported by an increase in trading volume. The index rose 1.02 pct to end at 767.07 points, with the Large Cap index rising 1.20 pct and the Mid Cap index ending 0.24 pct higher. Turnover was an improved 64.5 million euros in volume of 67.9 million euros.

Attica Bank (7.55 pct), Eurobank (5.6 pct) and National Bank (4.23 pct) scored big gains among blue chip stocks, while Folli Follie (2.06 pct), Jumbo (1.30 pct) and Sarantis (0.89 pct) suffered heavy losses. Among market sectors, Banks (3.90 pct) and Telecoms (2.35 pct) scored big gains, while Commerce (2.03 pct) and Chemicals (1.96 pct) suffered losses. National Bank and Piraeus Bank were the most heavily traded securities of the day. Broadly, advancers led decliners by 60 to 50 with another 130 issues unchanged. Motodynamic (15.49 pct), Attica Bank (7.55 pct) and Kiriakoulis (7.21 pct) were top gainers, while Pairis (23.01 pct), Eltrak (9.68 pct) and Epilektos (8.82 pct) were top losers.

Greek bond market closing report

The yield spread between the 10-year Greek and German benchmark bonds fell significantly to 5.05 pct in the domestic electronic secondary bond market on Wednesday, with the Greek bond yielding 5.42 pct (5.57 pct on Tuesday) and the German Bund yielding 0.37 pct. Traders said market sentiment was encouraged by news that the Greek government was planning a debt swap exercise. The five-year bond yield fell significantly t0 4.34 pct.

In interbank markets, interest rates were mixed. The 12-month rate fell to -0.187 pct from -0.185 pct, the nine-month rate was -0.222 pct, the six-month was -0.276 pct, the three-month rate was -0.329 pct and the one-month rate was -0.371 pct.