Greek stocks ended slightly higher in the Athens Stock Exchange on Monday in very thin trading conditions. The composite index of the market rose 0.41 pct to end at 651.25 points after rising as much as 0.53 pct and falling as much as 0.10 pct during the session. The Large Cap index rose 0.66 pct and the Mid Cap index ended 0.06 pct higher. Turnover was a thin 21.889 million euros in volume of 25,702,798 shares.
National Bank (3.33 pct), Aegean Airlines (2.91 pct) and Alpha Bank (2.33 pct) scored the biggest percentage gains of the day among blue chip stocks while GEK Terna (1.75 pct), Motor Oil (1.56 pct) and Folli Follie (1.41 pct) suffered heavy losses. Among market sectors, Banks (2.21 pct) and Travel (1.46 pct) scored gains and Commerce (1.41 pct) and Oil (1.22 pct) suffered losses.
Piraeus Bank and National Bank were the most heavily traded securities of the day. Broadly, advancers led decliners by 56 to 53 with another 38 issues unchanged. Pairis (30 pct), Minerva (29.58 pct) and Leventeris (24.55 pct) were top gainers, while Nikas (19.19 pct), Sato (17.02 pct) and Lazaridis Esate (14.04 pct) were top losers.
ADEX closing report
The March contract on the FTSE/ASE Large Cap index was trading at a premium of 0.03 pct in the Athens Derivatives Exchange on Monday. Volume on the Big Cap index totaled 3,297 contracts with 9,336 open positions in the market. Volume in futures contracts on equities totaled 60,243 contracts with investment interest focusing on Piraeus Bank’s contracts (15,051), followed by Alpha Bank (7,300), National Bank (8,717), Eurobank (4,181), MIG (8,797), OTE (3,130), PPC (1,939), OPAP (746), Viohalco (470), Mytilineos (2,031), Hellenic Petroleum (1,199), Grivalia Properties (110), Terna Energy (1,710).
Greek bond market closing report
The yield spread between the 10-year Greek and German benchmark bonds eased slightly to 6.67 pct in the domestic electronic secondary bond market on Monday, from 6.71 pct on Friday, with the Greek bond yielding 7.12 pct (7.16 pct on Friday) and the German Bund yielding 0.45 pct. Turnover was a thin 2.0 million euros.
In interbank markets, interest rates moved higher. The 12-month rate rose to -0.108 pct from -0.111 pct, the nine-month rate rose to -0.169 pct from -0.173 pct, the six-month rate was -0.242 pct, the three-month rate was -0.337 pct and the one-month rate rose to -0.372 pct.