Greek stocks ended lower in the Athens Stock Exchange on Monday

Greek stocks ended lower in the Athens Stock Exchange on Monday, as investors ignored a rebound in international markets amid a deteriorating climate in the domestic bond market. Investors were cautious and preferred to take profits after an initial strong rally which pushed the general index 2.0 pct higher.

The index fell 0.64 pact to end at 823.46 points, off the day’s highs of 844.58 points. The Large Cap index fell 0.75 pct and the Mid Cap index ended 0.07 pct lower. Turnover was a low 50.220 million euros in volume of 30,287,767 shares.

Sarantis (2.07 pct), Lamda Development (1.50 pct) and PPC (1.30 pct) were top gainers among blue chip stocks, while Aegean Airlines (3.09 pct), Viohalco (2.28 pct) and Piraeus Port (2.40 pct) suffered heavy losses. Among market sectors, Health (2.99 pct) and Technology (1.01 pct) scored gains, while Food (2.17 pct) and Commerce (2.16 pct) suffered losses. National Bank and Eurobank were the most heavily traded securities of the day. Broadly, decliners led advancers by 58 to 57 with another 21 issues unchanged. Dionic (20 pct), Perseus (9.84 pct) and Aeoliki (9.70 pct) were top gainers, while Kriton Artos (8.46 pct), Domiki Crete (7.41 pct) and Akritas (7.28 pct) were top losers.

ADEX closing report

The February contract on the FTSE/ASE Large Cap index was trading at a premium of 0.03 pct in the Athens Derivatives Exchange on Monday. Volume on the Big Cap index totaled 4,240 contracts with 17,498 open positions in the market. Volume in futures contracts on equities totaled 27,844 contracts with investment interest focusing on National Bank’s contracts (10,219), followed by Alpha Bank (3,928), Piraeus Bank (3,659), Eurobank (3,465), MIG (2,096), OTE (368), PPC (1,193), ADMIE (117), OPAP (251), Viohalco (449), Mytilineos (340), Hellenic Petroleum (133), GEK Terna (143), Intralot (315), Intracom (307), Cenergy (312).

Greek bond market closing report

Greek state bond prices came under pressure in the domestic electronic secondary bond market on Monday, pushing yields higher. The yield spread between the 10-year Greek and German benchmark bonds widened to 3.38 pct from 3.32 pct on Friday, with the Greek bond yielding 4.12 pct (4.06 pct last week) and the German Bund yielded 0.74 pct. Turnover was a heavy 21 million euros, of which 20 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 -0.222 pct, the six-month rate was -0.278 pct, the three-month rate was -0.329 pct and the one-month rate was -0.369 pct.