Greek stocks ended slightly lower in the Athens Stock Exchange

Greek stocks ended slightly lower in the Athens Stock Exchange on Wednesday, with bank shares remaining under pressure for one more session. The general index of the market fell 0.42 pct to end at 774.29 points, off the day’s lows of 768.76 points. The Large Cap index eased 0.42 pct and the Mid Cap index fell 0.59 pct. Turnover was a low 60.073 million euros in volume of 62,162,726 shares.

Folli Follie (3.03 pct), Hellenic Petroleum (2.56 pct) and Ellaktor (2.14 pct) scored the biggest percentage gains of the day among blue chip stocks, while PPC (10.11 pct), Piraeus Bank (3.37 pct), Alpha Bank (3.30 pct) and Eurobank (3.13 pct) suffered heavy losses.

PPC shares also fell significantly after the electricity utility announced plans to reduce its equity capital, through a cut in the nominal value of its share price to 2.48 euros per share from 4.60 euros currently and the return to its shareholders of shares from a newly set-up company ADMIE Holdings SA.

Among market sectors, Commerce (3.03 pct), Food (1.58 pct) and Raw Materials (1.53 pct) scored big gains, while Utilities (7.16 pct) and Banks (2.52 pct) suffered losses. Piraeus Bank and National Bank were the most heavily traded securities of the day. Broadly, decliners led advancers by 63 to 43 with another 22 issues unchanged. Pegasus (19.89 pct), Euromedica (15.79 pct) and Evrofarma (6.96 pct) were top gainers, while Naftemporiki (19.05 pct), Yalco (18.75 pct) and Dionic (14.47 pct) were top losers.

Greek bond market closing report

The yield spread between the 10-year Greek and German benchmark bonds eased slightly to 5.80 pct in the domestic electronic secondary bond market on Wednesday, from 5.84 pct the previous day, with the Greek bond yielding 6.05 pct (6.09 pct on Tuesday) and the German Bund yielding 0.25 pct. There was no turnover in the market.

In interbank markets, interest rates were largely unchanged. The 12-month rate was -0.136 pct from -0.135 pct, the nine-month rate was -0.187 pct, the six-month rate fell to -0.263 pct from -0.261 pct, the three-month rate was -0.334 pct and the one-month rate was -0.376 pct.