Greek stocks ended strongly higher in the Athens Stock Exchange on Thursday

Greek stocks ended strongly higher in the Athens Stock Exchange on Thursday, boosted by strong demand for banks and other blue chip stocks such as PPC and ADMIE. The general index of the market rose 1.28 pct to end at 846.98 points, with the Large Cap index rising 1.24 pct and the Mid Cap index ending 0.56 pct higher. Turnover was an improved 89.1 million euros in volume of 91.4 million shares.

Piraeus Bank (5.54 pct) and PPC (5.36 pct) scored the biggest percentage gains of the day among blue chip stocks, while Titan (1.71 pct) and OPAP (1.11 pct) suffered heavy losses. Among market sectors, Banks (4.11 pct) and Health (3.39 pct) scored big gains, while Construction (1.19 pct) and Travel (0.82 pct) suffered losses. National Bank and Eurobank were the most heavily traded securities of the day. Broadly, advancers led decliners by 68 to 44 with another 123 issues unchanged. Intertek (15.20 pct), Audiovisual (13.57 pct) and VIS (9.74 pct) were top gainers, while Voyatzoglou (4.19 pct), Motodynamic (3.38 pct) and Centric (2.98 pct) were top losers.

Greek bond market closing report

The yield spread between the 10-year Greek and German benchmark bonds rose slightly to 3.19 pct in the domestic electronic secondary bond market on Thursday, from 3.14 pct on Wednesday, with the Greek bond yielding 3.78 pct (3.67 pct the previous day) and the German Bund yielding 0.58p ct. Turnover was a thin 2.0 million euros, all sell orders.

In interbank markets, interest rates moved lower. The 12-month rate fell to -0.188 pct from -0.187 pct, the nine-month rate fell to -0.225 pct from -0.223 pct, the six-month rate was -0.271 pct, the three-month rate was -0.327 pct and the one-month rate was -0.369 pct.