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

Greek stocks ended slightly higher in the Athens Stock Exchange on Thursday, in thin trading conditions as investors remained on the sidelines, awaiting fresh news from ongoing negotiations between Greek authorities and the country’s creditors to complete a second review of the Greek program. The composite index of the market rose 0.49 pct to end at 629.36 points, off the day’s highs of 630.03 points and after falling as much as 0.64 pct during the day.

The Large Cap index rose 0.59 pct and the Mid Cap index eased 0.05 pct. Turnover was a thin 27.677 million euros in volume of 34,381,853 shares.

Coca Cola HBC (2.60 pct), Mytilineos (1.96 pct) and Ellaktor (1.79 pct) scored the biggest percentage gains of the day among blue chip stocks, while Sarantis (1.35 pct), Jumbo (1.33 pct) and OTE (1.29 pct) suffered heavy losses.

Among market sectors, Food (2.60 pct) and Raw Materials (1.96 pct) scored big gains, while Telecoms (1.29 pct) and
Personal Products (1.04 pct) suffered losses. National Bank and Piraeus Bank were the most heavily traded securities of the day. Broadly, advancers led decliners by 47 to 41 with another 33 issues unchanged. Akritas (20 pct), Perseus (11.71pct) and AXON Holdings (8.70 pct) were top gainers, while Sato (15.29 pct), Moda Bagno (12.50 pct) and Forthnet (10.43 pct) were top losers.

Greek bond market closing report

The yield spread between the 10-year Greek and German benchmark bonds widened again to 7.49 pct in the domestic electronic secondary bond market on Thursday, from 7.32 pct the previous day, with the Greek bond yielding 7.85 pct and the German Bund yielding 0.36 pct. There was no turnover in the market.

In interbank markets, interest rates were mixed. The 12-month rate fell to -0.106 pct from -0.104 pct, the nine-month fell to -0.166 pct from -0.164 pct, the six-month rate rose to -0.239 pct from -0.241 pct, the three-month rate was -0.328 pct and the one-month rate was -0.372 pct.