Greek stocks ended slightly lower in the Athens Stock Exchange on Thursday, pushing the composite index of the market below the 570-point level. The index fell 0.57 pct to end at 578.23 points, off the day’s lows of 578 points. The Large Cap index eased 0.13 pct and the Mid Cap index ended 0.19 pct lower. Turnover was a low 33.683 million euros with a volume of 33,284,149 shares.
OPAP (2.33 pct), Cocal Cola HBC (1.99 pct) and Grivalia Properties (1.45 pct) scored the biggest percentage gains of the day among blue chip stocks, while Folli Follie (5.02 pct), Jumbo (4.86 pct) and Ellaktor (2.52 pct) had the largest losses.
Among market sectors, Travel (2.05 pct) and Food (1.99 pct) scored big gains, while Commerce (5.02 pct) and Personal Products (3.86 pct) suffered losses. National Bank and Piraeus Bank were the most heavily traded securities of the day. Broadly, decliners led advancers by 59 to 40 with another 18 issues unchanged. GE Demetriou (18.18 pct), Attica Publications (9.97 pct) and Mermeren (9.79 pct) were top gainers, while Varvaresos (19.12 pct), Inform Lycos (10 pct) and Intrakat (9.68 pct) were top losers.
ADEX closing report
The November contract on the FTSE/ASE Large Cap index was trading at a premium of 0.04 pct in the Athens Derivatives Exchange on Thursday. Volume on the Big Cap index totaled 412 contracts with 7,117 open positions in the market. Volume in futures contracts on equities totaled 36,418 contracts with investment interest focusing on Piraeus Bank’s contracts (13,856), followed by Alpha Bank (3,392), National Bank (13,531), Eurobank (3,288), MIG (571), OTE (216), PPC (275), OPAP (697), Jumbo (152), Mytiilneos (83), Titan (72), Ellaktor (126).
Greek bond market closing report
The yield spread between the 10-year Greek and German benchmark bonds shrank further to 7.69 pct in the domestic electronic secondary bond market on Thursday, from 7.93 pct the previous day, with the Greek bond yielding 7.84 pct and the German Bund yielding 8.06 pct. Turnover was 6.0 million euros, all buy orders.
In interbank markets, interest rates were largely unchanged. The 12-month rate was -0.071 pct, the nine-month rate rose to -0.130 pct from -0.131 pct, the six-month rate rose to -0.212 pct from -0.214 pct, the three-month rate was -0.312 pct and the one-month rate was -0.374 pct.