Greek stocks ended lower for the first time after a six-day rally

Greek stocks ended lower for the first time after a six-day rally which pushed the composite index of the market 9.40 pct up and the bank index 30.5 pct higher. Traders said investors took profits, particularly in bank shares, while turnover fell compared with previous sessions. The composite index fell 1.41 pct to end at 623.63 points, off the day’s lows of 622.20 points. The Large Cap index ended 1.94 pct lower and the Mid Cap index rose 0.34 pct. Turnover was a thin 43.319 million euros in volume of 89,126,135 shares.

Jumbo (0.84 pct), Athens Water (0.37 pct) and Grivalia Properties (0.13 pct) scored the biggest percentage gains among blue chip stocks, while Ellaktor (7.50 pct), Piraeus Bank (5.77 pct), Eurobank (5.61 pct), National Bank (5.26 pct) and Alpha Bank (4.79 pct) suffered heavy losses.

Among market sectors, Personal Products (0.87 pct) and Chemicals (0.50 pct) scored big gains, while Banks (5.23 pct), Financial Services (2.03 pct) and Constructions (1.11 pct) suffered losses.

National Bank and Piraeus Bank were the most heavily traded securities of the day. Broadly, decliners led advancers by 65 to 32 with another 22 issues unchanged. Nikas (20 pct), Chatzikraniotis (19.71 pct) and Sidma (19.52 pct) were top gainers, while Athina (20 pct), Dionic (20 pct) and Pasal (19.79 pct) were top losers.

ADEX closing report

The December contract on the FTSE/ASE Large Cap index was trading at a premium of 0.12 pct in the Athens Derivatives Exchange on Thursday. Volume on the Big Cap index totaled 1,074 contracts with 9,354 open positions in the market. Volume in futures contracts on equities totaled 96,386 contracts with investment interest focusing on Piraeus Bank’s contracts (41,700), followed by Alpha Bank (4,821), National Bank (33,531), Eurobank (10,376), MIG (3,400), OTE (543), PPC (720), OPAP (102), Mytilineos (411), Hellenic Petroleum (108), Ellaktor (416), Jumbo (67).

Greek bond market closing report

The yield spread between the 10-year Greek and German benchmark bonds rose slightly to 6.73 pct in the domestic electronic secondary bond market on Thursday, from 6.675 pct the previous day, with the Greek bond yielding 6.98 pct and the German Bund yielding 0.25 pct. Turnover was a thin 1.0 million euros.

In interbank markets, interest rates were largely unchanged. The 12-month rate fell to -0.079 pct from -0.078 pct, the nine-month rate was -0.136 pct, the six-month rate rose to -0.219 pct from -0.22 pct, the three-month rate was -0.314 pct and the one-month rate was -0.373 pct.