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

Greek stocks ended slightly higher in the Athens Stock Exchange on Wednesday with investors remaining on the sidelines ahead of a crucial EuroWorking Group meeting on Thursday. The composite index rose 0.43 pct to end at 663.37 points, after losing 0.23 pct early in the day. The Large Cap index rose 0.48 pct and the Mid Cap index ended 0.18 pct higher. Turnover was a thin 28.484 million euros in volume of 39,933,016 shares.

Eurobank (3.01 pct), Viohalco (2.84 pct) and National Bank (2.77 pct) were top gainers among blue chip stocks, while Motor Oil (2.75 pct), Jumbo (1.88 pct) and Titan (1.68 pct) suffered the heaviest percentage losses of the day. Among market sectors, Banks (2.05 pct) and Commerce (1.73 pct) scored big gains, while Oil (1.75 pct) and Personal Products (1.60 pct) suffered losses.

National Bank and Piraeus Bank were the most heavily traded securities of the day. Broadly, advancers led decliners by 57 to 41 with another 19 issues unchanged. Sfakianakis (19.89 pct), Varvaresos (19.23 pct) and G.E. Demetriou (18.52 pct) were top gainers, while Forthnet (14.58 pct), Pegasus (13.33 pct) and Loulis Mills (9.64 pct) were top losers.

Greek bond market closing report

The yield spread between the 10-year Greek and German benchmark bonds widened slightly to 6.64 pct in the domestic electronic secondary bond market on Wednesday, from 6.57 pct the previous day, with the Greek bond yielding 6.96 pct and the German Bund yielding 0.32 pct. Turnover was a thin 3.0 million euros.

In interbank markets, interest rates were largely unchanged. The 12-month rate fell to -0.089 pct from -0.088 pct, the nine-month rate was -0.148 pct, the six-month rate was -0.224 pct, the three-month rate was -0.315 pct and the one-month rate was -0.372 pct.

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 Wednesday. Volume on the Big Cap index totaled 528 contracts with 8,055 open positions in the market. Volume in futures contracts on equities totaled 26,947 contracts with investment interest focusing on National Bank’s contracts (7,956), followed by Alpha Bank (1,365), Piraeus Bank (7,389), Eurobank (4,642), MIG (4,357), OTE (127), PPC (115), OPAP (281), Viohalco (71), Mytilineos (121), Hellenic Petroleum (76), GEK Terna (249), Jumbo (116).