Greek stocks ended sharply lower on Friday

Greek stocks ended sharply lower for the second successive session in the Athens Stock Exchange on Friday, pushing the general index of the market below the 780-point level. The index dropped 1.87 pct to end at 776.20 points, off the day’s lows of 773.81 points. The index ended the week with a net loss of 3.30 pct, losing 5.97 pct so far in September, but remaining 20.60 pct up so far this year.

The Large Cap index fell 1.73 pct and the Mid Cap index ended 1.36 pct lower. Turnover was a heavy 140.072 million euros in volume of 135,002,123 shares. ADMIE (2.56 pct), Fourlis (2.47 pct) and Lamda Development (1.82 pct) scored big gains among blue chip stocks, while National Bank (8.17 pct), Folli Follie (7.96 pct) and Piraeus Bank (6.77 pct) suffered heavy losses.

Among market sectors, Food (0.88 pct) and Real Estate (0.78 pct) scored big gains, while Commerce (7.89 pct) and Banks (5.66 pct) suffered heavy losses. National Bank and Alpha Bank were the most heavily traded securities of the day. Broadly, decliners led advancers by 68 to 42 with another 24 issues unchanged. Pegasus (19.09 pct), Sato (18.07 pct) and GE Dimitriou (16.67 pct) were top gainers, while Vioter (19.33 pct), Mouzakis (13.24 pct) and Euroconsultants (9.77 pct) were top losers.

ADEX closing report

The October contract on the FTSE/ASE Large Cap index was trading at a premium of 0.25 pct in the Athens Derivatives Exchange on Friday. Volume on the Big Cap index totaled 2,393 contracts with 4,828 open positions in the market. Volume in futures contracts on equities totaled 156,954 contracts with investment interest focusing on National Bank’s contracts (71,524), followed by Alpha Bank (19,144), Piraeus Bank (3,353), Eurobank (25,084), MIG (27,641), OTE (800), PPC (1,370), ADMIE (571), OPAP (610), Hellenic Exchanges (309), Viohalco (1,007), Mytilineos (1,449), Hellenic Petroleum (516), GEK Terna (258), Ellaktor (781), Jumbo (119), Piraeus Port (102), Intralot (1,052), Athens Water (129), Folli Follie (297) and Cenergy (434).

Greek bond market closing report

The yield spread between the 10-year Greek and German benchmark bonds fell further to 5.02 pct in the domestic electronic secondary bond market on Friday, with the Greek bond yielding 5.45 pct and the German Bund yielding 0.43 pct. There was no turnover in the market.

In interbank markets, interest rates were largely unchanged. The 12-month rate was -0.161 pct, the nine-month rate was -0.174 pct, the six-month rate was -0.254 pct, the three-month rate was -0.328 pct and the one-month rate was -0.371 pct.