Greek stocks rally for 13th successive session in the Athens Stock Exchange

Greek stocks moved higher for the 13th successive session pushing the general index of the market closer to the 800-point barrier. The general index rose 0.66 pct to end at 797.16 points, the highest closing since June 26, 2015, off the day’s highs of 799.16 points.

The index is up 18.70 pct in the last 13 sessions, up 23.85 pct so far this year. The Large Cap index rose 0.56 pct and the Mid Cap index ended 2.03 pct higher. Turnover was a heavy 134.608 million euros in volume of 219,368,045 shares.

PPC (5.04 pct), Eurobank (3.99 pct) and Piraeus Port (3.19 pct) scored the biggest percentage gains among blue chip stocks, while Grivalia Properties (4.40 pct), Terna Energy (2.05 pct) and National Bank (1.75 pct) suffered heavy losses. Among market sectors, Utilities (2.95 pct), Travel (2.12 pct) and Banks (1.65 pct) scored big gains, while Real Estate (2.81 pct) and Food (1.28 pct) suffered losses.

National Bank and Piraeus Bank were the most heavily traded securities of the day. Broadly, advancers led decliners by 61 to 57 with another 20 issues unchanged. Logismos (29.56 pct), Attica Bank (25.45 pct) and Sfakianakis (16.73 pct) were top gainers, while Kiriakoulis (20.67 pct), Pasal (20 pct) and Leventeris (19.57 pct) were top losers.

ADEX closing report

The May contract on the FTSE/ASE Large Cap index was trading at a discount of 0.22 pct in the Athens Derivatives Exchange on Thursday. Volume on the Big Cap index totaled 2,228 contracts with 6,927 open positions in the market. Volume in futures contracts on equities totaled 97,485 contracts with investment interest focusing on Piraeus Bank’s contracts (40,881), followed by Alpha Bank (9,546), National Bank (19,567), Eurobank (15,241), MIG (5,583), OTE (892), PPC (1,179), OPAP (1,071), Hellenic Exchanges (284), Viohalco (599), Mytilineos (697), Hellenic Petroleum (311), Motor Oil (155), GEK Terna (398), Ellaktor (310), Intralot (193) and Folli Follie (151).

Greek bond market closing report

The yield spread between the 10-year Greek and German benchmark bonds shrank further to 5.18 pct in the domestic electronic secondary bond market on Thursday, from 5.25 pct the previous day, with the Greek bond yielding 5.61 pct and the German Bund yielding 0.43 pct. Turnover was a strong 13 million euros.

In interbank markets, interest rates were largely unchanged. The 12-month rate was -0.124 pct, the nine-month rate was -0.178 pct, the six-month rate was -0.250 pct from -0.249 pct, the three-month rate was -0.329 pct and the one-month rate was -0.374 pct.