Greek stocks ended lower in the Athens Stock Exchange on Wednesday

Greek stocks ended lower in the Athens Stock Exchange on Wednesday as investors took profits after a four-day rally which pushed the composite index of the market 4.62 pct higher. The index fell 1.23 pct to end at 647.14 points, off the day’s lows of 645.91 points. Selling activity focused on bank shares and PPC. The Large Cap index fell 1.37 pct and the Mid Cap index ended 0.55 pct higher. Turnover was a low 40.716 million euros, in volume of 56,567,918 shares.

Hellenic Petroleum (5.15 pct), Lamda Development (1.12 pct) and Folli Follie (1.09 pct) scored the biggest percentage gains among blue chip stocks, while Alpha Bank (4.40 pct), Piraeus Bank (3.70 pct) and National Bank (3.67 pct) suffered heavy losses. Among market sectors, Commerce (1.09 pct) and Telecoms (0.69 pct) scored big gains, while Banks (3.84 pct) and Utilities (2.09 pct) suffered losses. Piraeus Bank and National Bank were the most heavily traded securities of the day. Broadly, decliners led advancers by 65 to 49 with another 29 issues unchanged. Chatzikraniotis (18.52 pct), Pegasus (17.65 pct) and Sidma (17.07 pct) were top gainers, while Douros (20 pct), Dionic (19.75 pct) and Sato (18.97 pct) were top losers.

Greek bond market closing report

The yield spread between the 10-year Greek and German benchmark bonds rose slightly to 6.93 pct in the domestic electronic secondary bond market on Wednesday, from 6.91 pct the previous day, with the Greek bond yielding 7.18 pct and the German Bund yielding 0.25 pct. There was no turnover in the market.

In interbank markets, interest rates were mixed to lower. The 12-month rate fell to -0.111 pct from -0.109 pct, the nine-month rate eased to -0.171 pct from -0.169 pct, the six-month rate was -0.238 pct, the three-month rate was -0.329 pct and the one-month rate fell to -0.370 pct from -0.369 pct.