Greek stocks ended slightly lower in the Athens Stock Exchange on Monday

Greek stocks ended slightly lower in the Athens Stock Exchange on Monday, after an unsuccessful attempt to break above the 600-point level early in the session. Traders said investors’ interest focused on negotiations between Greek authorities and the country’s creditors in the framework of a second review of the Greek economic programme.

The composite index of the market eased 0.15 pct to end at 593.13 points, after rising to 599.26 points. The Large Cap index eased 0.33 pct and the Mid Cap index ended 0.89 pct lower. Turnover was a thin 28.683 million euros in volume of 45,055,122 shares.

PPC (3.06 pct), Folli Follie (2.78 pct) and Hellenic Exchanges (2.45 pct) scored the biggest percentage gains of the day, while National Bank (2.54 pct), GEK Terna (2.37 pct) and Piraeus Bank (2.03 pct) suffered heavy losses. Among market sectors, Commerce (2.78 pct), Financial Services (1.84 pct) and Utilities (1.65 pct) scored big gains, while Banks (1.73 pct) and Travel (1.47 pct) suffered losses.

National Bank and Eurobank were the most heavily traded securities of the day. Broadly, decliners led advancers by 54 to 36 with another 19 issues unchanged. Ekter (12.22 pct), Nafpaktos Spin Mills (9.92 pct) and Aeoliki (9.90 pct) were top gainers, while Sidma (19.80 pct), Lazaridis Estate (17.65 pct) and Frigoglass (7.06 pct) were top losers.

ADEX closing report

The November contract on the FTSE/ASE Large Cap index was trading at a discount of 0.22 pct in the Athens Derivatives Exchange on Monday. Volume on the Big Cap index totaled 1,154 contracts with 6,560 open positions in the market. Volume in futures contracts on equities totaled 19,471 contracts with investment interest focusing on Eurobank’s contracts (5,340), followed by Alpha Bank (2,752), Piraeus Bank (3,876), National Bank (3,927), MIG (1,001), OTE (320), PPC (921), OPAP (222), Viohalco (154), Mytilineos (329), GEK (134), Ellaktor (129), Korinth Pipeworks (145) and Hellenic Exchanges (57).

Greek bond market closing report

The yield spread between the 10-year Greek and German benchmark bonds eased slightly to 8.39 pct in the domestic electronic secondary bond market on Monday, from 8.42 pct on Friday, with the Greek bond yielding 8.40 pct and the German Bund yielding 0.01 pct. There was no turnover in the market.

In interbank markets, interest rates recovered from recent lows. The 12-month rate rose to -0.070 pct from -0.073 pct, the nine-month rate rose to 0.131 pct from -0.133 pct, the six-month rate rose to -0.212 pct from -0.214 pct, the three-month rate rose to -0.311 pct from -0.313 pct and the one-month rate was -0.371 pct.