Greek stocks ended slightly lower in the Athens Stock Exchange on Wednesday, as investors took profits after a three-day rally which pushed the general index of the market 3.41 pct higher. The index fell 0.45 pct to close at 823.32 points, off the day’s lows of 818.52 points.
The Large Cap index fell 0.61 pct and the Mid Cap index rose 0.35 pct. Turnover was a low 55.939 million euros in volume of 48,786,126 shares.
Viohalco (4.94 pct), Piraeus Port (3.95) and PPC (2.21 pct) scored big gains among blue chip stocks, while Piraeus Bank (3.04 pct), Titan (2.62 pct) and Sarantis (1.97 pct) suffered heavy losses. Among market sectors, Industrial Products (2.81 pct) and Utilities (1.31 pct) scored big gains, while Construction (1.66 pct), Real Estate (1.59 pct) and Banks (1.36 pct) suffered losses. Piraeus Bank and National Bank were the most heavily traded securities of the day. Broadly, decliners led advancers by 63 to 53 with another 21 issues unchanged. Mermeren (29.91 pct), Sidma (19.69 pct) and Euromedica (18.92 pct) were top gainers, while Medicon (18.96 pct), Chatzikraniotis (18.75 pct) and Pegasus (16.67 pct) were top losers.
ADEX closing report
The July contract on the FTSE/ASE Large Cap index was trading at a discount of 0.45 pct in the Athens Derivatives Exchange on Wednesday. Volume on the Big Cap index totaled 1,608 contracts with 5,911 open positions in the market. Volume in futures contracts on equities totaled 39,088 contracts with investment interest focusing on Piraeus Bank’s contracts (17,051), followed by Alpha Bank (2,630), National Bank (11,504), Eurobank (3,149), MIG (885), OTE (290), Hellenic Exchanges (116), Viohalco (729), Mytilineos (168), Hellenic Petroleum (262), Motor Oil (138), GEK Terna (100), Ellaktor (184), Intralot (347), Terna Energy (135) and Cenergy (1,086).
Greek bond market closing report
The yield spread between the 10-year Greek and German benchmark bonds shrank further to 5.26 pct in the domestic electronic secondary bond market on Wednesday, from 5.38 pct the previous day, with the Greek bond yielding 5.52 pct (5.65 pct on Tuesday) and the German Bund yielding 0.26 pct. There was no turnover in the market.
In interbank markets, interest rates were largely unchanged. The 12-month rate was -0.158 pct, the nine-month rate was -0.201 pct, the six-month rate was -0.272 pct, the three-month rate was -0.328 pct and the one-month rate was -0.371 pct.