Greek stocks ended slightly lower in the Athens Stock Exchange on Tuesday. Traders said the market was nervous, with turnover shrinking again, because of a deteriorating climate in the domestic bond market.
The general index of the market fell 0.20 pct to end at 821.85 points, off the day’s lows of 811.54 points. The Large Cap index rose 0.23 pct and the Mid Cap index eased 1.05 pct. Turnover was a low 58.488 million euros in volume of 45,468,894 shares. Grivalia Properties (2.80 pct), Aegean Airlines (2.59 pct) and National Bank (2.38 pct) scored big gains among blue chip stocks, while Piraeus Bank (3.36 pct), PPC (2.85 pct) and Mytilineos (2.79 pct) suffered heavy losses. Among market sectors, Food (1.94 pct) and Real Estate (1.67 pct) scored big gains, while Raw Materials (2.78 pct) and Industrial Products (2.18 pct) suffered losses. National Bank and Eurobank were the most heavily traded securities of the day. Broadly, decliners led advancers by 68 to 37 with another 26 issues unchanged. Perseus (9.70 pct), Ilyda (7.50 pct) and Druckfarben (6.19 pct) were top gainers, while Intertek (27.69 pct), Sato (20.0 pct) and Alumil (9.25 pct) were top losers.
ADEX closing report
The February contract on the FTSE/ASE Large Cap index was trading at a discount of 0.08 pct in the Athens Derivatives Exchange on Tuesday. Volume on the Large Cap index totaled 4,979 contracts with 17,358 open positions in the market. Volume in futures contracts on equities totaled 68,915 contracts with investment interest focusing on National Bank’s contracts (40,217), followed by Alpha Bank (6,279), Piraeus Bank (4,663), Eurobank (6,810), MIG (2,421), OTE (502), PPC (1,486), ADMIE (145), OPAP (192), Hellenic Exchanges (241), Viohalco (1,031), Mytilineos (654), Hellenic Petroleum (565), GEK Terna (279), Ellaktor (376), Intralot (1,284), Intracom (228), Terna Energy (132) and Cenergy (992).
Greek bond market closing report
Greek state bond prices remained under pressure for one more session in the domestic electronic secondary bond market on Tuesday. The yield spread between the 10-year Greek and German benchmark bonds widened further to 3.57 pct from 3.38 pct on Monday, with the Greek bond yielding 4.30 pct (4.12 pct the previous day) and the German Bund yielding 0.73 pct. Turnover was a strong 14 million euros, all sell orders.
In interbank markets, interest rates were largely unchanged. The 12-month rate was -0.191 pct, the nine-month rate was -0.222 pct, the six-month rate was -0.276 pct, the three-month rate was -0.329 pct and the one-month rate was -0.369 pct.