Greek stocks ended lower in the last trading session of the week

Greek stocks ended lower in the last trading session of the week in thin trading conditions as investors remained on the sidelines, awaiting news from ongoing negotiations between Greek authorities and the country’s creditors to complete a second review of the Greek bailout program. The composite index of the market fell 0.96 pct to end at 649.73 points. The index ended the week with a net gain of 0.68 pct and stands 0.95 pct up so far this year. The Large Cap index fell 0.94 pct and the Mid Cap index ended 0.23 pct higher. Turnover was a thin 30.305 million euros in volume of 32,869,695 shares.

Piraeus Port (1.82 pct), OPAP (1.06 pct) and Grivalia Properties (0.64 pct) scored the biggest percentage gains among blue chip stocks, while PPC (3.18 pct), National Bank (3.15 pct) and Piraeus Bank (2.65 pct) suffered heavy losses.

Among market sectors, Travel (0.95 pct) and Telecoms (0.46 pct) scored big gains, while Banks (2.44 pct) and Raw Materials (2.13 pct) suffered losses. Piraeus Bank and National Bank were the most heavily traded securities of the day. Broadly, decliners led advancers by 52 to 50, with another 34 issues unchanged. Minerva (28.85 pct), Nakas (26.10 pct) and Lazaridis Estate (24.64 pct) were top gainers, while Douros (17.97 pct), Yalco (17.50 pct) and Forthnet (10 pct) were top losers.

Greek bond market closing report

The yield spread between the 10-year Greek and German benchmark bonds was almost unchanged at 6.67 pct in the domestic electronic secondary bond market on Friday, from 6.68 pct the previous day, with the Greek bond yielding 7.03 pct and the German Bund yielding 0.35 pct. There was no turnover in the market.

In interbank markets, interest rates were largely unchanged. The 12-month rate was -0.116 pct, the nine-month rate was -0.172 pct, the six-month rate rose to -0.236 pct from -0.237 pct, the three-month rate was -0.329 pct and the one-month rate rose to -0.371 pct.

ADEX closing report

The March contract on the FTSE/ASE Large Cap index was trading at a premium of 0.33 pct in the Athens Derivatives Exchange on Friday. Volume on the Big Cap index totaled 2,089 contracts with 8,684 open positions in the market. Volume in futures contracts on equities totaled 42,308 contracts with investment interest focusing on Piraeus Bank’s contracts (17,868), followed by Alpha Bank (2,670), National Bank (13,568), Eurobank (4,074), MIG (677), OTE (322), PPC (122), OPAP (234), Mytilineos (873), Hellenic Petroleum (1,037), GEK Terna (191), Ellaktor (381).