Greek stocks fall for fifth successive session in the ASE

Greek stocks ended lower in the Athens Stock Exchange on Monday, extending their decline for the fifth successive session pushing the general index of the market 2.92 pct lower during this period. The index fell 0.79 pct to end at 807.44 points, off the day’s lows of 804.57 points. The Large Cap index fell 0.72 pct and the Mid Cap index ended 0.53 pct lower.

Turnover was a thin 32.960 million euros in volume of 27,132,905 shares. GEK Terna (2.06 pct), Aegean Airlines (1.53 pct) and Jumbo (1.42 pct) scored big gains among blue chip stocks, while Piraeus Bank (6.90 pct), Viohalco (3.62 pct) and Eurobank (2.48 pct) suffered heavy losses. Among market sectors, Health (8.31 pct) and Personal Products (0.88 pct) scored big gains, while Technology (3.30 pct) and Banks (2.63 pct) suffered losses. National Bank and MIG were the top heavily traded securities of the day. Broadly, decliners led advancers by 77 to 28 with another 25 issues unchanged. Kreka (19.63 pct), Tzirakian (19.44 pct) and Kriton Artos (10 pct) were top gainers, while Livanis Publications (18.67 pct), Dionic (18.63 pct) and CPI (18.60 pct) were top losers.

ADEX closing report

The April contract on the FTSE/ASE Large Cap index was trading at a discount of 0.07 pct in the Athens Derivatives Exchange on Monday. Volume on the Large Cap index totaled 1,241 contracts with 9,155 open positions in the market. Volume in futures contracts on equities totaled 31,086 contracts with investment interest focusing on National Bank’s contracts (11,361), followed by Alpha Bank (2,063), Piraeus Bank (4,919), Eurobank (3,686), MIG (4,999), OTE (178), PPC (1,139), ADMIE (133), Viohalco (201), Mytilineos (886), GEK Terna (102), Ellaktor (172), Intralot (276), Intracom (379) and Cenergy (153).

Greek bond market closing report

The yield spread between the 10-year Greek and German benchmark bonds widened slightly to 3.62 pct in the domestic electronic secondary bond market on Monday, from 3.60 pct on Friday, with the Greek bond yielding 4.19 pct (4.17 pct the previous session) and the German Bund yielding 0.57pct. Turnover was a moderate 32 million euros, of which 23 million were buy orders and the remaining 9.0 million euros were sell orders.

In interbank markets, interest rates were mixed. The 12-month rate was -0.192 pct, the nine-month rate was -0.223 pct, the six-month rate was -0.272 pct, the three-month rate was -0.329 pct and the one-month rate was -0.370 pct.