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

Greek stocks ended slightly lower in the Athens Stock Exchange on Tuesday, moving in tight ranges after the two previous sessions’ sharp fall.

The composite index of the market eased 0.38 pct to end at 611.75 points, off the day’s lows of 610.49 points. The index is down 7.39 pct in the last three sessions.

The Bank index continued moving lower after losing 15.31 pct in the last three sessions.

The Large Cap index fell 0.79 pct and the Mid Cap index ended 0.50 pct higher. Turnover was a low 50.171 million euros, in a volume of 85,806,077 shares.

Mytilineos (5.40 pct), Metka (4.70 pct) and PPC (3.60 pct) scored the biggest percentage gains of the day among blue chip stocks, while Titan (4.06 pct), Jumbo (2.84 pct) and GEK Terna (2.59 pct) suffered losses. Among market sectors, Raw Materials (5.40 pct), Oil (2.56 pct) and Utilities (2.19 pct) scored big gains, while Construction (3.41 pct), Personal Products (2.44 pct) and Banks (1.87 pct) suffered losses.

National Bank and Piraeus Bank were the most heavily traded securities of the day. Broadly, decliners led advancers by 48 to 44 with another 25 issues unchanged. Kekrops (29.15 pct), Progressive (17.39 pct) and Unibios (15.15 pct) were top gainers, while Chatzikraniotis (20 pct), Livanis Publications (12.5 pct) and Moda Bagno (10 pct) were top losers.

ADEX closing report

The February contract on the FTSE/ASE Large Cap index was trading at a premium of 0.06 pct in the Athens Derivatives Exchange on Tuesday. Volume on the Big Cap index totaled 2,139 contracts with 7,689 open positions in the market. Volume in futures contracts on equities totaled 45,871 contracts with investment interest focusing on National Bank’s contracts (18,264), followed by Alpha Bank (6,219), Piraeus Bank (7,918), Eurobank (8,559), MIG (890), OTE (332), PPC (795), OPAP (291), Mytilineos (1,842), Hellenic Petroleum (105), Ellaktor (124).

Greek bond market closing report

The yield spread between the 10-year Greek and German benchmark bonds widened further to 7.41 pct in the domestic electronic secondary bond market on Tuesday, from 6.90 pct on Monday.

Traders said a delay in concluding a second review of the Greek programe heightened uncertainty and deteriorated investment climate in the market. The Greek 10-year bond yielded 7.85 pct and the German Bund yielded 0.44 pct. There was no turnover in the market.

In interbank markets, interest rates were almost unchanged. The 12-month rate fell to -0.101 pct from -0.100 pct, the nine-month rate rose to -0.159 pct from -0.160 pct, the six-month rate was -0.243 pct, the three-month rate was -0.328 pct and the one-month rate was -0.372 pct.