Greek stocks ended lower for the third successive session in the Athens Stock Exchange on Thursday, hit by a wave of selling in bank shares and other selected blue chips. The general index of the market fell 0.74 pct to end at 817.69 points. The Large Cap index eased 0.56 pct and the Mid Cap index fell 0.89 pct. Turnover was a low 59.1 million euros in volume of 61.6 million shares.
Coca Cola HBC (1.84 pct) and Piraeus Port (1.57 pct) scored big gains among blue chip stocks, while Eurobank (5.06 pct) and National Bank (3.11 pct) suffered heavy losses. Among market sectors, Food/Beverage (1.82 pct) and Utilities (0.75 pct) scored gains, while Banks (2.45 pct) and Chemicals (2.33 pct) suffered losses. National Bank and Eurobank were the most heavily traded securities of the day. Broadly, decliners led advancers by 72 to 47 with another 117 issues unchanged. Dromeas (11.54 pct), Leventeris (10.09 pct) and Creta Farm (5.99 pct) were top gainers, while Karamolegos (9.76 pct) and FG Europe (9.59 pct) were top losers.
Greek bond market closing report
The yield spread between the 10-year Greek and German benchmark bonds widened to 3.64 pct in the domestic electronic secondary bond market on Thursday, from 3.55 pct the previous day, with the Greek bond yielding 4.21 pct (4.13 pct on Wednesday) and the German Bund yielding 0.57 pct. Turnover was 40 million euros, of which 25 million were buy orders and the remaining 15 million were sell orders.
In interbank markets, interest rates were largely unchanged. The 12-month rate was -0.191 pct, the nine-month rate was -0.221 pct, the six-month rate was -0.271 pct, the three-month rate was -0.328 pct and the one-month rate was -0.371 pct.