Greek stocks extend rally for 10th successive session in the Athens Stock Exchange

Greek stocks ended higher in the Athens Stock Exchange on Monday, extending their rally for the 10th successive session pushing the general index of the market above the 760-point level.

The index rose 1.25 pct to end at 763.42 points, its highest closing since June 26, 2015. The index is up 13.68 pct in the last 10 sessions. The Large Cap index rose 1.04 pct and the Mid Cap index ended 1.01 pct higher. Turnover was a heavy 117.015 million euros in volume of 166,396,499 shares.
PPC (4.85 pct), Motor Oil (4.51 pct), GEK Terna (3.90 pct) and Terna Energy (2.83 pct) scored the biggest percentage gains of the day among blue chip stocks, while Lamda (1.66 pct), Piraeus Port (1.22 pct) and Grivalia Properties (1.15 pct) suffered heavy losses.

Among market sectors, Utilities (3.85 pct), Oil (3.64 pct) and Constructions (2.11 pct) scored big gains, while Real Estate (1.32 pct) and Commerce (0.92 pct) suffered losses. National Bank and Piraeus Bank were the most heavily traded securities of the day. Broadly, advancers led decliners by 69 to 29 with another 27 issues unchanged. Halcor (17.42 pct), Kreka (11.90 pct) and Forthnet (10.73 pct) were top gainers while Sidma (19.17 pct), Dionic (11.76 pct) and Kekrops (9.49 pct) were top losers.

ADEX closing report

The May contract on the FTSE/ASE Large Cap index was trading at a discount of 0.03 pct in the Athens Derivatives Exchange on Monday. Volume on the Big Cap index totaled 1,741 contracts with 6,843 open positions in the market. Volume in futures contracts on equities totaled 90,421 contracts with investment interest focusing on Piraeus Bank’s contracts (43,009), followed by Alpha Bank (4,502), National Bank (26,541), Eurobank (9,797), MIG (1,754), OTE (217), PPC (985), OPAP (215), Viohalco (269), Mytilineos (805), Hellenic Petroleum (207), GEK Terna (513), Ellaktor (810) and Terna Energy (155).

Greek bond market closing report

The yield spread between the 10-year Greek and German benchmark bonds shrank further to 5.27 pct in the domestic electronic secondary bond market on Monday, from 5.52 pct on Friday, with the Greek bond yielding 5.68 pct and the German Bund yielding 0.41 pct. Turnover was a thin 2.0 million euros.

In interbank markets, interest rates were almost unchanged. The 12-month rate was -0.124 pct, the nine-month rate was -0.179 pct, the six-month rate was -0.249 pct from -0.250 pct, the three-month rate was -0.329 pct and the one-month rate was -0.374 pct.