Greek stocks ended lower in the Athens Stock Exchange on Friday as sellers took the upper hand in the market. The general index fell 1.25 pct to end at 875.38 points, off the day’s lows of 870.55 points. The index ended the week with a net loss of 0.31 pct, rising 9.10 pct so far this year.
The Large Cap index fell 01.23 pct and the Mid Cap index ended 1.52 pct lower. Turnover was a low 73.193 million euros in volume of 46,328,180 shares. Piraeus Bank (2.74 pct), Alpha Bank (0.48 pct) and Hellenic Exchanges (0.35 pct) were the only blue chip stocks to end higher, while PCC (3.64 pct), Motor Oil (3.28 pct) and Titan (3.27 pct) suffered heavy losses.
Among market sectors, only Banks scored gains (0.10 pct), while Oil (2.86 pct), Constructions (2.71 pct) and Real Estate (2.65 pct) suffered losses. National Bank and Alpha Bank were the most heavily traded securities of the day. Broadly, decliners led advancers by 79 to 40 with another 28 issues unchanged. Vioter (20 pct), Tzirakian (20 pct) and Sato (19.70 pct) were top gainers, while Yalco (20 pct), Pasal (17.55 pct) and Nikas (13.04 pct) were top losers.
Greek bond market closing report
The yield spread between the 10-year Greek and German bonds was 2.90 pct in the domestic electronic secondary bond market on Friday, with the Greek bond yielding 3.65 pct and the German Bund yielding 0.75 pct. Turnover totaled 7.0 million euros, of which 2.0 million were buy orders and the remaining sell orders.
In interbank markets, interest rates were mixed. The 12-month rate was -0.194 pct, the nine-month rate was -0.223 pct, the six-month rate was -0.278 pct, the three-month rate was -0.326 pct and the one-month rate was -0.367 pct.