Greek stocks ended mildly higher in the Athens Stock Exchange on Thursday

Greek stocks ended mildly higher in the Athens Stock Exchange on Thursday, pushing the composite index of the market above the 620-point level. Bank shares were at the focus of buying activity. The composite index of the market rose 0.65 pct to end at 623.06 points, off the day’s highs of 629.18 points. The Large Cap index ended 0.34 pct higher and the Mid Cap index rose 0.74 pct. Turnover was a low 47.190 million euros in volume of 74,435,623 shares.

PPC (5.08 pct), Titan (4.68 pct) and Alpha Bank (4.07 pct) scored the biggest percentage gains of the day among blue chip stocks, while Jumbo (3.22 pct), Sarantis (3.08 pct) and Grivalia Properties (2.26 pct) suffered heavy losses. Among market sectors, Construction (3.76 pct), Utilities (3.46 pct) and Banks (3.09 pct) scored big gains, while Personal Products (2.64 pct) and Food (2.01 pct) suffered losses.

National Bank and Piraeus Bank were the most heavily traded securities of the day. Broadly, advancers led decliners by 61 to 33 with another 25 issues unchanged. AXON Holdings (20 pct), Varvaressos (19.84 pct) and Progressive (18.75 pct) were top gainers, while Galaxidi (9.68 pct), Pasal (5.0 pct) and Dionic (4.65 pct) were top losers.

ADEX closing report

The February contract on the FTSE/ASE Large Cap index was trading at a premium of 0.06 pct in the Athens Derivatives Exchange on Thursday. Volume on the Big Cap index totaled 2,191 contracts, with 7,840 open positions in the market. Volume in futures contracts on equities totaled 74,103 contracts with investment interest focusing on National Bank’s contracts (29,075), followed by Alpha Bank (9,232), Piraeus Bank (20,445), Eurobank (11,245), MIG (870), OTE (280), PPC (529), OPAP (486), Hellenic Exchanges (319), Viohalco (266), Mytilineos (796), METKA (101), Jumbo (132).

Greek bond market closing report

The yield spread between the 10-year Greek and German benchmark bonds eased to 7.13 pct in the domestic electronic secondary bond market on Thursday, from 7.29 pct the previous day, with the Greek bond yielding 7.55 pct and the German Bund yielding 0.42 pct. There was no turnover in the market.

In interbank markets, interest rates were mixed. The 12-month rate fell to -0.102 pct from -0.101 pct, the nine-month rate rose to -0.160 pct from -0.161 pct, the six-month rate was -0.244 pct, the three-month rate was -0.328 pct and the one-month rate fell to -0.373 pct.