Greek stocks ended lower in the Athens Stock Exchange on Monday

Greek stocks ended lower in the Athens Stock Exchange on Monday, hit by market concern over a delay in concluding a second review of Greece’s economic programe. Bank shares were at the focus of selling activity. The composite index of the market fell 1.04 pct to end at 644.91 points, off the day’s lows of 640 points. The Large Cap index fell 1.12 pct and the Mid Cap index ended 0.63 pct higher. Turnover was a thin 24.555 million euros in volume of 56,373,134 shares.

Jumbo (3.84 pct), Sarantis (0.96 pct) and Hellenic Petroleum (0.92 pct) scored big gains while National Bank (4.35 pct), Piraeus Bank (4.25 pct) and Eurobank (2.68 pct) suffered the heaviest percentage losses of the day.
Among market sectors, Personal Products (3.36 pct) and Utilities (0.36 pct) scored big gains, while Banks (3.07 pct), Commerce (1.73 pct) and Telecoms (1.35 pct) suffered losses.

Piraeus Bank and National Bank were the most heavily traded securities of the day. Broadly, decliners led advancers by 63 to 45 with another 17 issues unchanged. Sfakianakis (20 pct), AXON Holdings (14.29 pct) and Space Hellas (9.89 pct) were top gainers, while Lazaridis Estate (27.78 pct), Euroconsultants (22.14 pct) and GE Demetriou (19.23 pct) were top losers.

ADEX closing report

The January contract on the FTSE/ASE Large Cap index was trading at a discount of 0.05 pct in the Athens Derivatives Exchange on Monday. Volume on the Big Cap index totaled 3,792 contracts with 7,541 open positions in the market. Volume in futures contracts on equities totaled 39,793 contracts with investment interest focusing on National Bank’s contracts (12,942), followed by Alpha Bank (4,286), Piraeus Bank (11,758), Eurobank (6,421), MIG (3,194), OTE (259), PPC (243), OPAP (266), Viohalco (155), Mytilineos (72), Ellaktor (63), Jumbo (36), Hellenic Petroleum (32).

Greek bond market closing report

The yield spread between the 10-year Greek and German benchmark bonds widened to 6.73 pct in the domestic electronic secondary bond market on Monday, with the Greek bond yielding 7.04 pct and the German Bund yielding 0.31 pct. There was no turnover in the market.

In interbank markets, interest rates were largely unchanged. The 12-month rate was -0.095 pct, the nine-month rate was -0.153 pct, the six-month rate was -0.238 pct, the three-month rate was -0.328 pct from -0.316 and the one-month rate was -0.372 pct.