Greek stocks moved moderately higher in the Athens Stock Exchange on Monday

Greek stocks moved moderately higher in the Athens Stock Exchange on Monday, extending their rally for the fourth successive session. The composite index of the market rose 0.64 pct to end at 615.83 points, for a total gain of 6.51 pct in the last four sessions, while the bank index is up 22.42 pct in the same period. The Large Cap index rose 1.01 pct and the Mid Cap index ended 0.47 pct higher. Turnover was an improved 70.396 million euros in volume of 132,643,872 shares.

Hellenic Exchanges (5.01 pct), Piraeus Bank (4.42 pct) and OPAP (3.66 pct) scored the biggest percentage gains of the day, while Folli Follie (2.75 pct), Jumbo (2.67 pct) and PPC (1.92 pct) suffered heavy losses. Among market sectors, Financial Services (3.83 pct), Travel (3.26 pct) and Banks (2.15 pct) scored big gains, while Chemicals (2.44 pct), Commerce (2.75 pct) and Personal Products (1.77 pct) were top losers.

National Bank and Piraeus Bank were the most heavily traded securities of the day. Broadly, advancers led decliners by 52 to 48 with another 19 issues unchanged. Elastron (29.03 pct), Boutaris (19.57 pct) and Chatzikraniotis (19.54 pct) were top gainers, while Sato (19.35 pct), Alumil (14.89 pct) and Epilektos (10 pct) were top losers.

Greek bond market closing report

The yield spread between the 10-year Greek and German benchmark bonds shrank further to 6.82 pct in the domestic electronic secondary bond market on Monday, from 6.98 pct last Friday, falling below the 7.0 pct psychologically-critical level for the first time in two years. The Greek bond was yielding 7.09 pct and the German Bund was yielding 0.27 pct. Turnover was a thin 2.0 million euros.

In interbank markets, interest rates largely unchanged. The 12-month rate fell to -0.079 pct from -0.077 pct, the nine-month rate fell to -0.140 pct from -0.135 pct, the six-month rate was -0.217 pct, the three-month rate was -0.316 pct and the one-month rate fell to -0.376 pct.

ADEX closing report

The December contract on the FTSE/ASE Large Cap index was trading at a discount of 0.06 pct in the Athens Derivatives Exchange on Monday. Volume on the Big Cap index totaled 2,268 contracts with 8,197 open positions in the market. Volume in futures contracts on equities totaled 104,784 contracts with investment interest focusing on National Bank’s contracts (47,492), followed by Alpha Bank (7,313), Piraeus Bank (25,303), Eurobank (16,975), MIG (3,630), OTE (1,226), PPC (629), OPAP (369), Hellenic Exchanges (117), Mytilineos (948), Hellenic Petroleum (149), Metka (199), Ellaktor (137), Folli Follie (81), GEK Terna (73) and Athens Water (40).