Greek stocks ended strongly higher on Monday

Greek stocks ended strongly higher in the Athens Stock Exchange on Monday, pushing the general index of the market above the 820-point level. The index rose 1.87 pct to end at 821.22 points, its highest closing in two years, off the day’s highs of 823.33 points. The Large Cap index rose 1.58 pct and the Mid Cap index ended 1.93 pct higher.

ADMIE Holdings’ shares debuted in the market recording a 10.85 pct rise, while PPC shares dropped 40.99 percent. Turnover was a strong 94.633 million euros in volume of 87,413,550 shares.

ADMIE (10.85 pct), Viohalco (4.68 pct) and GEK Terna (4.59 pct) scored the biggest percentage gains of the day among blue chip stocks, while PPC (40.99 pct), National Bank (0.58 pct) and Piraeus Bank (0.43 pct) suffered losses. All market sectors moved higher, led by Utilities (18.85 pct), Health (4.08 pct) and Real Estate (3.30 pct). National Bank and Piraeus Bank were the most heavily traded securities of the day. Broadly, advancers led decliners by 80 to 39 with another 24 issues unchanged. Sato (20 pct), Dionic (20 pct) and Sidma (19.81 pct) were top gainers, while PPC (40.99 pct), Leventeris (20 pct) and AAA (19.69 pct) were top losers.

ADEX closing report

The July contract on the FTSE/ASE Large Cap index was trading at a discount of 0.46 pct in the Athens Derivatives Exchange on Monday. Volume on the Big Cap index totaled 2,394 contracts with 5,586 open positions in the market. Volume in futures contracts on equities totaled 66,765 contracts with investment interest focusing on Piraeus Bank’s contracts (27.699), followed by Alpha Bank (5,003), National Bank (19,239), Eurobank (4,790), MIG (4,949), OTE (912), OPAP (89), Titan (83), Viohalco (703), Mytilineos (561), Hellenic Petroleum (450), GEK Terna (270), Ellaktor (149), Athens Water (124), Terna Energy (208), Folli Follie (104) and Cenergy (1,112).

Greek bond market closing report

The yield spread between the 10-year Greek and German benchmark bonds eased slightly to 5.4 pct in the domestic electronic secondary bond market on Monday, from 5.45 pct on Friday, with the Greek bond yielding 5.69 pct (5.74 pct on Friday) and the German Bund yielding 0.29 pct. Turnover was a thin 3.0 million euros.

In interbank markets, interest rates moved lower. The 12-month rate fell to -0.156 pct from -0.154 pct, the nine-month rate was -0.201 pct, the six-month rate was -0.271 pct, the three-month rate was -0.329 pct and the one-month rate was -0.374 pct.