Greek stocks ended slightly lower in the Athens Stock Exchange on Wednesday as lack of follow-through buying after Tuesday’s rally reduced trading volumes in the market. The general index eased 0.14 pct to end at 817.34 points, after rising as much as 0.59 pct early in the session. The Large Cap index eased 0.37 pct and the Mid Cap index ended 0.46 pct higher. Turnover was a low 42.809 million euros in volume of 39,989,713 shares.
ADMIE (5.36 pct), Sarantis (2.70 pct) and PPC (1.73 pct) scored big gains among blue chip stocks, while Eurobank (2.16 pct), Mytilineos (1.84 pct) and Athens Water (1.27 pct) suffered losses.
Technology (2.12 pct) and Utilities (1.35 pct) scored big gains among market sectors, while Health (2.59 pct), Raw Materials (1.81 pct) and Banks (1.13 pct) suffered losses. National Bank and Attica Bank were the most heavily traded securities of the day.
Broadly, advancers led decliners by 58 to 42 with another 31 issues unchanged. Medicon (19.77 pct), Sfakianakis (19.69 pct) and Unibios (19.57 pct) were top gainers, while AEGEK (15 pct), Haidemenos (13.64 pct) and Pasal (11.39 pct) were top losers.
Greek bond market closing report
The yield spread between the 10-year Greek and German benchmark bonds eased to 3.6 pct in the domestic electronic secondary bond market on Wednesday, with the Greek bond yielding 4.03 pct and the German Bund yielding 0.43 pct. There was no turnover in the market.
In interbank markets, interest rates were mixed. The 12-month rate rose to -0.187 pct from -0.188 pct, the nine-month rate was -0.219 pct, the six-month rate was -0.271 pct, the three-month rate was -0.329 pct and the one-month rate was -0.368 pct.
ADEX closing report
The January contract on the FTSE/ASE Large Cap index was trading at a premium of 0.18 pct in the Athens Derivatives Exchange on Wednesday. Volume on the Large Cap index totaled 1,263 contracts with 6,830 open positions in the market. Volume in futures contracts on equities totaled 36,497 contracts with investment interest focusing on National Bank’s contracts (14,791), followed by Alpha Bank (7,152), Piraeus Bank (6,116), Eurobank (4,101), MIG (722), OTE (146), PPC (284), ADMIE (255), OPAP (124), Hellenic Exchanges (271), Viohalco (328), Mytilineos (670), Hellenic Petroleum (199), Motor Oil (100), GEK Terna (113), Ellaktor (456), Intralot (278).