Greek stocks ended lower in the first trading session of the week in the Athens Stock Exchange

Greek stocks ended lower in the first trading session of the week in the Athens Stock Exchange on Monday, pushing the composite index of the market nearer the 640-point level. Investors took profits because of a lack of progress in negotiations between Greek authorities and its creditors and after the announcement of downwards-revised data for the country’s GDP in 2016.

The index fell 0.96 pct to end at 643.50 points, off the day’s low of 640.23 points. The Large Cap index fell 1.10 pct and the Mid Cap index ended 1.53 pct lower. Turnover was a thin 29.574 million euros in volume of 51,546,212 shares.

Ellaktor (1.79 pct), Motor Oil (1.40 pct) and Titan (1.27 pc) scored the biggest percentage gains among blue chip stocks, while Piraeus Bank (4.35 pct), Eurobank (3.66 pct) and Alpha Bank (3.45 pct) suffered heavy losses. Among market sectors, Oil (1.33 pct) and Constructions (1.16 pct) scored gains, while Banks (3.61 pct) and Industrial Products (1.10 pct) suffered losses. National Bank and Piraeus Bank were the most heavily traded securities of the day. Broadly, decliners led advancers by 61 to 35 with another 40 issues unchanged. Dionic (17.65 pct), Autohellas (13.07 pct) and Lavipharm (12.5 pct) were top gainers, while Douros (19.52 pct), Nakas (18.49 pct) and Nexans (11.24 pct) were top losers.

Greek bond market closing report

The yield spread between the 10-year Greek and German benchmark bonds rose slightly to 6.70 pct in the domestic electronic secondary bond market on Monday, from 6.68 pct on Friday, with the Greek bond yielding 7.04 pct and the German Bund yielding 0.34 pct. There was no turnover in the market.

In interbank markets, interest rates were mixed. The 12-month rate was -0.11 pct, the nine-month rate rose to -0.170 pct from -0.172 pct, the six-month rate fell to -0.240 pct from -0.236 pct, the three-month rate was -0.329 pct and the one-month rate fell to -0.374 pct.

ADEX closing report

The March contract on the FTSE/ASE Large Cap index was trading at a discount of 0.07 pct in the Athens Derivatives Exchange on Monday. Volume on the Big Cap index totaled 2,828 contracts with 8,904 open positions in the market. Volume in futures contracts on equities totaled 72,667 contracts with investment interest focusing on National Bank’s contracts (39,234), followed by Alpha Bank (5,445), Piraeus Bank (14,645), Eurobank (10,225), MIG (1,100), OTE (165), PPC (451), OPAP (235), Viohalco (132), Mytilineos (178), Hellenic Petroleum (277), Ellaktor (412).