Greek stocks ended slightly lower in the Athens Stock Exchange

Greek stocks ended slightly lower in the Athens Stock Exchange on Tuesday. Traders said market interest remained focused on negotiations currently underway in Brussels to complete a second review of the Greek bailout program.

The composite index of the market eased 0.57 pct to end at 640.42 points, after rising as much as 0.53 pct early in the session. The Large Cap index fell 0.74 pct and the Mid Cap index ended 0.23 pct lower. Turnover was an improved 53.725 million euros in volume of 89,737,453 shares.

Hellenic Petroleum (2.26 pct), Sarantis (2.12 pct) and Aegean Airlines (1.97 pct) scored the biggest percentage gains of the day among blue chip stocks, while Piraeus Bank (6.75 pct), Eurobank (4.55 pct), Alpha Bank (3.05 pct) and National Bank (2.59 pct) suffered heavy losses.

Among market sectors, Oils (1.93 pct) and Utilities (1.0 pct) scored big gains, while Banks (3.85 pct) and Financial Services (2.07 pct) suffered losses. Piraeus Bank and National Bank were the most heavily traded securities of the day. Broadly, advancers led decliners by 52 to 47 with another 36 issues unchanged. Douros (20 pct), Pegasus (18.87 pct) and Forthnet (14.76 pct) were top gainers, while Moda Bagno (28.81 pct), Dionic (19.77 pct) and Frigoglass (15.0 pct) were top losers.

ADEX closing report

The April contract on the FTSE/ASE Large Cap index was trading at a discount of 0.27 pct in the Athens Derivatives Exchange on Tuesday. Volume on the Big Cap index totaled 3,065 contracts with 7,835 open positions in the market. Volume in futures contracts on equities totaled 67,478 contracts with investment interest focusing on National Bank’s contracts (24,988), followed by Alpha Bank (7,084), Piraeus Bank (23,644), Eurobank (8,712), MIG (1,020), OTE (527), PPC (274), Viohalco (103), Mytilineos (188), Hellenic Petroleum (342), Ellaktor (82), OPAP (99), Metka (79), Fourlis (70).

Greek bond market closing report

The yield spread between the 10-year Greek and German benchmark bonds ended almost unchanged at 6.97 pct in the domestic electronic secondary bond market on Tuesday, from 6.98 pct on Monday, with the Greek bond yielding 7.42 pct and the German Bund yielding 0.45 pct. Turnover was an improved 5.0 million euros, of which 4.0 million were buy orders.

In interbank markets, interest rates were mixed. The 12-month rate rose to -0.106 pct from -0.111 pct, the nine-month rate rose to -0.171 pct from -0.172 pct, the six-month rate was -0.244 pct, the three-month rate was -0.334 pct and the one-month rate fell to -0.379 pct from -0.376 pct.