Greek stocks extended their advance for a fourth successive session

Greek stocks extended their advance for a fourth successive session in the Athens Stock Exchange on Thursday, pushing the composite index of the market above the 670-point level. The index rose 0.28 pct to end at 670.42 points, with the Large Cap index rising 0.65 pct and the Mid Cap index falling 1.03 pct. Turnover was a low 51.1 million euros in volume of 62.4 million shares.

GEK Terna (3.77 pct), OPAP (2.53 pct) and PPC (2.52 pct) scored the biggest percentage gains among blue chip stocks, while Ellaktor (2.94 pct), Motor Oil (1.53 pct) and Metka (1.39 pct) suffered heavy losses. Among market sectors, Travel (2.22 pct) and Utilities (1.91 pct) scored big gains, while Media (13.98 pct) and Oil (1.38 pct) suffered losses.

National Bank and Piraeus Bank were the most heavily traded securities of the day. Broadly, advancers led decliners by 59 to 46 with another 138 issues unchanged. Motodynamic (29.78 pct), Dromeas (9.77 pct) and Haidemenos (9.15 pct) were top gainers, while Audiovisual (13.98 pct), Nakas (10 pct) and Pairis (6.21 pct).

Greek bond market closing report

The yield spread between the 10-year Greek and German benchmark bonds shrank substantially to 6.52 pct in the domestic electronic secondary bond market on Thursday, from 6.81 pct the previous day, with the Greek bond yielding 7.15 pct and the German Bund yielding 0.33 pct. Turnover was a thin 3.0 million euros, of which 2.0 million were a sell order and the remaining 1.0 million euros was a buy order.

In interbank markets, interest rates moved higher. The 12-month rate rose to -0.110 pct, the nine-month rate was -0.174 pct, the six-month rate rose to -0.243 pct from -0.245 pct, the three-month rate was -0.334 pct and the one-month rate rose to -0.372 pct.