Greek stocks ended slightly lower in the Athens Stock Exchange on Monday accompanied by a dramatic fall in turnover as investors remained sidelined awaiting fresh news from negotiations to reach an agreement on Greek debt relief measures. The general index of the market eased 0.15 pct to end at 777.19 points, off the day’s lows of 768.92 points. The Large Cap index fell 0.45 pct and the Mid Cap index rose 0.81 pct. Turnover was a thin 38.648 million euros in volume of 54,796,746 shares.
GEK Terna (3.98 pct), PPC (3.88 pct) and Metka (2.86 pct) were top gainers among blue chip stocks, while Piraeus Bank (5.48 pct), Terna Energy (2.74 pct) and Alpha Bank (1.84 pct) suffered heavy losses.
Among market sectors, Raw Materials (2.48 pct), Utilities (2.12 pct) scored big gains, while Banks (2.23 pct) and Travel (0.99 pct) suffered losses. Piraeus Bank and National Bank were the most heavily traded securities of the day. Broadly, advancers led decliners by 57 to 49 with another 27 issues unchanged. Pegasus (20 pct), Boutaris (16.9 pct) and Kreka (16.20 pct) were top gainers, while Perseus (19.43 pct), Sidma (17.31 pct) and Dionic (13.46 pct) were top losers.
ADEX closing report
The June contract on the FTSE/ASE Large Cap index was trading at a discount of 0.09 pct in the Athens Derivatives Exchange on Monday. Volume on the Big Cap index totaled 1,468 contracts with 5,742 open positions in the market. Volume in futures contracts on equities totaled 65,795 contracts with investment interest focusing on Piraeus Bank’s contracts (34,320), followed by Alpha Bank (1,897), National Bank (16,884), Eurobank (6,446), MIG (2,263), OTE (581), PPC (1,287), OPAP (146), Viohalco (143), Mytilineos (575), Hellenic Petroleum (256), GEK Terna (225), Ellaktor (128), Terna Energy (169).
Greek bond market closing report
The yield spread between the 10-year Greek and German benchmark bonds widened slightly to 5.71 pct in the domestic electronic secondary bond market on Monday, from 5.68 pct on Friday, with the Greek bond yielding 6.0 pct and the German Bund yielding 0.29 pct. Turnover was a thin 1.0 million euros.
In interbank markets, interest rates were mixed. The 12-month rate rose to -0.131 pct from -0.132 pct, the nine-month rate fell to -0.183 pct from -0.182 pct, the six-month rate was -0.254 pct, the three-month rate rose to -0.329 pct from -0.332 pct and the one-month rate was -0.372 pct.