Greek stocks ended lower for the third successive session in the Athens Stock Exchange on Friday as investors found few new reasons to open positions in the market. The composite index fell 0.75 pct to end at 573.92 points, for a net loss of 2.51 pct in the week. The Large Cap index fell 1.24 pct and the Mid Cap index ended 0.03 pct higher. Turnover was a thin 26.2 million euros in volume of 27.26 million shares.¨
Athens Water (3.85 pct), PPC (1.42 pct) and Metka (1.32 pct) scored the biggest percentage gains among blue chip stocks, while Ellaktor (3.45 pct), Jumbo (3.21 pct) and EEE (2.56 pct) suffered heavy losses. Among market sectors, Utilities (1.71 pct) and Oil (0.62 pct) scored gains, while Food (2.55 pct) and Personal Products (2.51 pct) suffered losses. National Bank and Piraeus Bank were the most heavily traded securities of the day.
Broadly, decliners led advancers by 55 to 37 with another 19 issues unchanged. Moda Bagno (12.36 pct), Space (9.42 pct) and Minerva (8.89 pct) were top gainers, while Kepenos Mills (10 pct), Attica Publications (9.93 pct) and Sarantis (9.09 pct) were top losers.
Blue chip stocks ended as follows:
ALPHA BANK: -1.35%
GΕΚ ΤΕRΝΑ: unchanged
COCA COLA HBC: -2.56%
HELLENIC PETROLEUM: unchanged
NATIONAL BANK: -2.20%
ATHENS WATER: +3.85%
MOTOR OIL: +0.93%
PIRAEUS BANK: -1.42%
LAMDA DEVELOPMENT: -1.40%
PIRAEUS PORT: +0.24%
HELLENIC EXCHANGES: -0.22%
ΤΕRΝΑ ENERGY: -1.09%
GRIVALIA PROPERTIES: unchanged
AEGEAN AIRLINES: +1.19%
Greek bond market closing report
The yield spread between the 10-year Greek and German benchmark bonds continued shrinking to 7.66 pct in the domestic electronic secondary bond market on Friday, from 7.69 pct the previous day, with the Greek bond yielding 7.79 pct and the German Bund yielding 7.84 pct. There was no turnover in the market.
In interbank markets, interest rates were largely unchanged. The 12-month rate was -0.072 pct, the nine-month rate fell to -0.132 pct from -0.131 pct, the six-month rate fell to -0.216 pct from -0.214 pct, the three-month rate was -0.316 pct and the one-month rate fell to -0.378 pct.