Greek stocks ended lower in the Athens Stock Exchange on Tuesday

Greek stocks ended lower in the Athens Stock Exchange on Tuesday, hit by a wave of selling in bank shares. The general index of the market fell 1.15 pct to end at 777.53 points, off the day’s lows of 776.33 points. The Large Cap index fell 1.22 pct and the Mid Cap index ended 0.01 pct down. Turnover was a low 57.314 million euros in volume of 68,533,897 shares.

Hellenic Petroleum (2.93 pct), Aegean Airlines (2.38 pct) and Titan (1.42 pct) were top gainers among blue chip stocks, while Eurobank (4.32 pct), Ellaktor (4.11 pct) and Viohalco (3.74 pct) suffered heavy losses. Among market sectors, Oil (1.41 pct) and Food (0.49 pct) scored big gains, while Banks (3.21 pct) and Utilities (2.15 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 18 issues unchanged. Medicon (20 pct), Yalco (20 pct) and Pegasus (19.73 pct) were top gainers, while Intrakat (29.69 pct), Akritas (20 pct) and CPI (9.89 pct) were top losers.

Greek bond market closing report

The yield spread between the 10-year Greek and German benchmark bonds was unchanged at 5.84 pct in the domestic electronic secondary bond market on Tuesday, with the Greek bond yielding 6.09 pct and the German Bund yielding 0.25 pct. There was no turnover in the market.

In interbank markets, interest rates moved lower. The 12-month rate fell to -0.135 pct from -0.131 pct, the nine-month rate was -0.186 pct, the six-month rate fell to -0.261 pct from -0.254 pct, the three-month rate fell to -0.334 pct from -0.328 pct and the one-month rate fell to -0.376 pct.

ADEX closing report

The June contract on the FTSE/ASE Large Cap index was trading at a discount of 0.36 pct in the Athens Derivatives Exchange on Tuesday. Volume on the Big Cap index totaled 3,775 contracts with 6,089 open positions in the market. Volume in futures contracts on equities totaled 87,331 contracts with investment interest focusing on National Bank’s contracts (41,018), followed by Alpha Bank (7,014), Piraeus Bank (22,494), Eurobank (7,352), MIG (1,797), OTE (621), PPC (970), OPAP (190), Viohalco (3,324), Mytilineos (460), Hellenic Petroleum (593), Metka (177), GEK Terna (186), Ellaktor (604), Terna Energy (294) and Folli Follie (121).