Greek stocks ended significantly lower in the Athens Stock Exchange on Tuesday

Greek stocks ended significantly lower in the Athens Stock Exchange on Tuesday as investors took profits in banks and other blue chip stocks such as Athens Water, OTE and OPAP. The composite index of the market fell 1.47 pct to end at 582.45 points, with the Large Cap index losing 1.82 pct and the Mid Cap index ending 1.10 pct lower. Turnover was a low 33.986 million euros in volume of 35,602,231 shares.

Aegean Airlines (1.53 pct), Hellenic Exchanges (0.44 pct) and Piraeus Port (0.40 pct) scored big gains among blue chip stocks, while Eurobank (4.66 pct), Piraeus Bank (4.64 pct) and Athens Water (4.07 pct) suffered the heaviest percentage losses of the day.

The Commerce sector (0.05 pct) was the only one to end higher, while Banks (3.62 pct), Telecoms (2.99 pct) and Utilities (2.23 pct) suffered heavy losses. National Bank and Eurobank were the most heavily traded securities of the day. Broadly, decliners led advancers by 62 to 26 with another 20 issues unchanged. Athina (19.67 pct), GE Demetriou (15.79 pct) and Haidemenos (10.71 pct) were top gainers, while Livanis Publications (13.64 pct), Leventeris (10.71 pct) and Elgeka (9.49 pct) were top losers.

Greek bond market closing report

The yield spread between the 10-year Greek and German benchmark bonds eased further to 8.13 pct in the domestic electronic secondary bond market on Tuesday, from 8.21 pct the previous day, with the Greek bond yielding 8.31 pct and the German Bund yielding 0.18 pct. Turnover was an improved 8.0 million euros, all buy orders.

In interbank markets, interest rates were largely unchanged. The 12-month rate was -0.071 pct, the nine-month rate was -0.133 pct, the six-month rate fell to -0.214 pct from -0.212 pct, the three-month rate was -0.317 pct and the one-month rate fell to 0.379 pct.

ADEX Closing Report

The November contract on the FTSE/ASE Large Cap index was trading at a discount of 0.12 pct in the Athens Derivatives Exchange on Tuesday. Volume on the Big Cap index totaled 1,544 contracts with 6,877 open positions in the market. Volume in futures contracts on equities totaled 19,036 contracts with investment interest focusing on Alpha Bank’s contracts (5,194), followed by National Bank (3,831), Piraeus Bank (3,913), Eurobank (2,708), MIG (455), OTE (891), PPC (677), OPAP (433), Mytilineos (430), Motor Oil (74), Hellenic Exchanges (35), Coca Cola HBC (56), Viohalco (34), Jumbo (94) and Intralot (52).