Greek stocks ended significantly lower in the Athens Stock Exchange on Monday, pushing the general index of the market below the 810-point level. The index dropped 1.19 pct to end at 808.88 points, while the bank index fell below the 1,000-point support level. The Large Cap index fell 1.09 pct and the Mid Cap index ended 1.52 pct lower. Turnover was a thin 42.366 million euros in volume of 40,192,319 shares.
Lamda Development (2.82 pct), OTE (0.57 pct) and Titan (0.51 pct) scored the biggest percentage gains among blue chip stocks, while Attica Bank (6.59 pct), Piraeus Bank (5.33 pct), Eurobank (3.89 pct) and National Bank (3.60 pct) suffered heavy losses. Among market sectors, Real Estate (1.19 pct) and Telecoms (0.57 pct) scored gains, while Banks (3.52 pct) and Raw Materials (2.69 pct) suffered losses.
National Bank and Eurobank were the most heavily traded securities of the day. Broadly, decliners led advancers by 56 to 39 with another 26 issues unchanged. Pairis (23.72 pct), Livanis Publications (20 pct) and Leventeris (19.88 pct) were top gainers, while Pegasus (17.89 pct), Vioter (12.20 pct) and GEKE (10 pct) were top losers.
ADEX closing report
The September contract on the FTSE/ASE Large Cap index was trading at a premium of 0.22 pct in the Athens Derivatives Exchange on Monday. Volume on the Big Cap index totaled 1,775 contracts with 4,646 open positions in the market. Volume in futures contracts on equities totaled 56,715 contracts with investment interest focusing on National Bank’s contracts (19,654), followed by Alpha Bank (4,275), Piraeus Bank (13,690), Eurobank (12,605), MIG (2,436), OTE (468), PPC (231), Viohalco (366), Mytilineos (497), Hellenic Petroleum (163), Ellaktor (801), Intralot (151) and Cenergy (325).
Greek bond market closing report
The yield spread between the 10-year Greek and German benchmark bonds rose slightly to 5.20 pct in the domestic electronic secondary bond market on Monday, from 5.18 pct the previous session, with the Greek bond yielding 5.56 pct (5.53 pct on Friday) and the German Bund yielding 0.36 pct. Turnover was a thin 1.0 million euros.
In interbank markets, interest rates were largely unchanged. The 12-month rate was -0.161 pct, the nine-month rate rose to -0.214 pct from -0.216 pct, the six-month rate was -0.274 pct from -0.277 pct, the three-month rate was -0.329 pct and the one-month rate was -0.372 pct.