Greek stocks ended significantly higher in the last trading session of October, with the market approaching to 760-point level boosted by strong buying interest in bank shares.
The general index jumped 2.12 pct to end at 759.30 points, with the Large Cap index rising 1.90 pct and the Mid Cap index ending 2.47 pct higher. Turnover was an improved 57.857 million euros in volume of 46,023,252 shares.
National Bank (7.98 pct), GEK Terna (6.53 pct), Eurobank (6.37 pct), Hellenic Petroleum (5.28 pct) and Piraeus Bank (5.11 pct) scored the biggest percentage gains among blue chip stocks, while OTE (1.20 pct), Sarantis (1.20 pct) and Aegean Airlines (0.64 pct) suffered heavy losses. Among market sectors, Banks (5.25 pct), Financial Services (4.31 pct) and Industrial Products (2.89 pct) scored big gains, while Telecoms (1.26 pct) and Utilities (0.05 pct) suffered losses. National Bank and Eurobank were the most heavily traded securities of the day. Broadly, advancers led decliners by 93 to 35 with another 31 issues unchanged. Akritas (20 pct), Medicon (20 pct) and Euromedica (19.78 pc) were top gainers, while Lanakam (17.97 pct), Chatzikraniotis (17.24 pct) and National Pangaea (15.26 pct) were top losers.
ADEX closing report
The November contract on the FTSE/ASE Large Cap index was trading at a premium of 0.05 pct in the Athens Derivatives Exchange on Tuesday. Volume on the Big Cap index totaled 1,385 contracts with 4,385 open positions in the market, while volume in futures contracts on equities totaled 66,656 contracts with investment interest focusing on National Bank’s contracts (43,118), followed by Alpha Bank (400), Piraeus Bank (3,157), Eurobank (7,355), MIG (1,203), OTE (481), PPC (411), ADMIE (400), OPAP (646), Hellenic Exchanges (182), Titan (187), Viohalco (335), Mytilineos (410), Hellenic Petroleum (306), Motor Oil (146), GEK Terna (262), Ellaktor (194), Intralot (262), Cenergy (347).
Greek bond market closing report
The yield spread between the 10-year Greek and German benchmark bonds eased to 5.15 pct in the domestic electronic secondary bond market on Tuesday, from 5.20 pct the previous day, with the Greek bond yielding 5.52 pct (5.57 pct on Monday) and the German Bund yielding 0.37 pct. Turnover was a thin 1.0 million euros.
In interbank markets, interest rates were mixed to lower. The 12-month rate was -0.185 pct, the nine-month rate was -0.221 pct, the six-month rate was -0.276 pct, the three-month rate fell to -0.331 pct from -0.321 pct and the one-month rate was -0.372 pct.