Greek stocks ended slightly higher on Monday

Greek stocks ended slightly higher in the Athens Stock Exchange on Monday, supported by buying interest for bank shares. The general index of the market rose 0.62 pct to end at 750.17 points, off the day’s highs of 753.93 points. The Large Cap index rose 1.10 pct and the Mid Cap index ended 0.74 pct lower. Turnover was a low 40.667 million euros in volume of 39,719,714 shares.

Attica Bank (5.88 pct), National Bank (4.04 pc) and Eurobank (2.80 pct) were top gainers among blue chip stocks, while Lamda Development (1.33 pct), Ellaktor (1.27 pct) and Grivalia Properties (1.11 pct) suffered heavy losses. Among market sectors, Banks (2.48 pct) and Food (1.47 pct) scored big gains, while Technology (2.33 pct) and Oil (0.70 pct) suffered losses.

National Bank and MIG were the most heavily traded securities of the day. Broadly, decliners led advancers by 51 to 49 with another 23 issues unchanged. Kekrops (29.87 pct), Nafpaktos Spin Mills (29.02 pct) and Chatzikraniotis (19.35 pct) were top gainers, while Dionic (19.87 pct), Leventeris (19.72 pct) and Intrakat (15.10 pct) were top losers.

ADEX closing report

The October contract on the FTSE/ASE Large Cap index was trading at a discount of 0.04 pct in the Athens Derivatives Exchange on Monday. Volume on the Big Cap index totaled 982 contracts with 4,861 open positions in the market. Volume in futures contracts on equities totaled 30,265 contracts with investment interest focusing on National Bank’s contracts (12,575), followed by Alpha Bank (3,104), Piraeus Bank (2,171), Eurobank (2,835), MIG (7,735), OTE (192), PPC (235), GEK (199), Intralot (313).

Greek bond market closing report

The yield spread between the 10-year Greek and German benchmark bonds widened slightly to 5.18 pct in the domestic electronic secondary bond market on Monday, from 5.13 pct last week, with the Greek bond yielding 5.62 pct (5.60 pct on Friday) and the German Bund yielding 0.44 pct. There was no turnover in the market.

In interbank markets, interest rates moved lower. The 12-month rate was -0.178 pct, the nine-month rate was -0.225 pct, the six-month rate was -0.278 pct, the three-month rate was -0.334 pct and the one-month rate was -0.378 pct.