Greek stocks ended slightly lower in the Athens Stock Exchange

Greek stocks ended slightly lower in the Athens Stock Exchange on Friday reversing a four-day rally which pushed the composite index of the market 5.47 pct higher, as investors took profits. Bank shares were at the focus of selling activity, while PPC, Jumbo and Coca Cola HBC scored big gains.

The composite index fell 0.65 pct to end at 666.06 points. The index ended 4.78 pct higher this week, with a net gain of 3.12 pct in March and up 3.48 pct so far this year. The Large Cap index fell 0.73 pct and the Mid Cap index ended 0.23 pct higher. Turnover was an improved 65.310 million euros in volume of 117,960,894 shares.

Sarantis (3.30 pct), PPC (2.81 pct) and Jumbo (2.0 pct) scored the biggest percentage gains of the day among blue chip stocks, while Alpha Bank (4.55 pct), Piraeus Bank (2.86 pct) and OTE (2.76 pct) suffered heavy losses. Among market sectors, Personal Products (2.18 pct), Utilities (1.74 pct) and Technology (1.57 pct) scored big gains, while Telecoms (2.76 pct) and Banks (2.71 pct) suffered losses.

National Bank and Piraeus Bank were the most heavily traded securities of the day. Broadly, decliners led advancers by 60 to 40 with another 26 issues unchanged. Akritas (15.38 pct), Frigoglass (6.12 pct) and Vioter (4.46 pct) scored big gains, while Elinoil (24.7 pct), Sfakianakis (19.9 pct) and Pegasus (19.05 pct) were top losers.

Greek bond market closing report

The yield spread between the 10-year Greek and German benchmark bonds was almost unchanged at 6.53 pct in the domestic electronic secondary bond market on Friday, from 6.52 the previous day, with the Greek bond yielding 6.88 pct, sharply down from 7.15 pct on Thursday. The German Bund yielded 0.32 pct. Turnover was a thin 1.0 million euros.

In interbank markets, interest rates moved lower. The 12-month rate was -0.109 pct, the nine-month rate was -0.171 pct, the six-month rate rose to -0.241 pct from -0.245 pct, the three-month rate was -0.334 pct and the one-month rate was -0.372 pct from -0.373 pct.