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

Greek stocks ended slightly higher in the Athens Stock Exchange on Tuesday in thin trading conditions as investors remained sidelined awaiting fresh news and incentives. The composite index of the market rose 0.19 pct to end at 660.56 points, off the day’s highs of 665.25 points. The Large Cap index rose 0.15 pct and the Mid Cap index eased 0.72 pct. Turnover was a low 40.702 million euros in volue of 56,527,448 shares.

Piraeus Bank (2.34 pct), Jumbo (2.20 pct) and PPC (1.69 pct) scored the biggest percentage gains of the day among blue chip stocks, while Viohalco (2.76 pct), Grivalia Properties (2.21 pct) and Coca Cola HBC (1.81 pct) suffered heavy losses.

Among market sectors, Utilities (1.74 pct) and Personal Products (1.58 pct) scored big gains, while Food (1.82 pct), Real Estate (1.39 pct) and Commerce (1.30 pct) suffered losses.

National Bank and Piraeus Bank were the most heavily traded securities of the day. Broadly, advancers led decliners by 60 to 38 with another 23 issues unchanged. Sfakianakis (19.87 pct), Frigoglass (19.81 pct) and Varvaresos (18.18 pct) scored big gains, while Motodynamic (17.27 pct), Spyrou Farm (9.87 pc) and Inform Lycos (9.52 pct) were top losers.

ADEX closing report

The January contract on the FTSE/ASE Large Cap index was trading at a discount of 0.13 pct in the Athens Derivatives Exchange on Tuesday. Volume on the Big Cap index totaled 774 contracts with 7,985 open positions in the market. Volume in futures contracts on equities totaled 35,553 contracts with investment interest focusing on National Bank’s contracts (12,661), followed by Alpha Bank (2,176), Piraeus Bank (7,114), Eurobank (4,517), MIG (7,088), OTE (507), PPC (430), OPAP (146), Mytilineos (143), Hellenic Petroleum (128), Ellaktor (331), Intralot (107).

Greek bond market closing report

The yield spread between between the 10-year Greek and German benchmark bonds eased slightly to 6.57 pct in the domestic electronic secondary bond market on Tuesday, from 6.58 pct on Monday, with the Greek bond yielding 6.86 pct and the German Bund yielding 0.28 pct. There was no turnover in the market.

In interbank markets, interest rates were largely unchanged. The 12-month rate rose to -0.087 pct from -0.088 pct, the nine-month rate was -0.145 pct, the six-month rate was -0.222 pct, the three-month rate was -0.318 pct and the one-month rate was -0.371 pct.