Greek stocks rebounded in the Athens Stock Exchange on Wednesday

Greek stocks rebounded in the Athens Stock Exchange on Wednesday, after a three day decline which pushed the composite index of the market 7.39 pct lower. The index ended 1.19 pct up to reach 619.05 points, off the day’s highs of 621.02 points. The Large Cap index rose 1.28 pct and the Mid Cap index ended 1.42 pct higher. Turnover was an improved 70.018 million euros in volume of 163,009,998 shares.

Viohalco (9.35 pct), Alpha Bank (4.88 pct) and Sarantis (3.78 pct) scored the biggest percentage gains of the day, while Hellenic Exchanges Exchanges (2.68 pct), Ellaktor (1.83 pct) and PPC (1.16 pct) suffered heavy losses. Among market sectors, Industrial Products (3.78 pct), Raw Materials (2.33 pct) and Commerce (2.14 pct) scored big gains, while Financial Services (2.13 pct) and Utilities (0.46 pct) ended down. Piraeus Bank and National Bank were the most heavily traded securities of the day.

Broadly, decliners led advancers by 73 to 31 with another 21 issues unchanged. Varvaresos (20 pct), Progressive (18.52 pct) and AXON Holdings (15.38 pct) were top gainers, while Chatzikraniotis (20 pct), Papoutsanis (18.42 pct) and Kyriakoulis (9.95 pct) were top losers.

ADEX closing report

The February contract on the FTSE/ASE Large Cap index was trading at a premium of 0.11 pct in the Athens Derivatives Exchange on Wednesday. Volume on the Big Cap index totaled 2,088 contracts with 8,159 open positions in the market. Volume in futures contracts on equities totaled 94,138 contracts with investment interest focusing on Piraeus Bank’s contracts (38,559), followed by Alpha Bank (9,825), National Bank (31,800), Eurobank (8,875), MIG (1,175), OTE (322), PPC (480), OPAP (911), Viohalco (409), Mytilineos (1,313), Jumbo (152), Hellenic Petroleum (71), Hellenic Exchanges (77), Ellaktor (42) and Folli Follie (39).

Greek bond market closing report

The yield spread between the 10-year Greek and German benchmark bonds widened further to 7.29 pct in the domestic electronic secondary bond market on Wednesday, from 6.90 pct the previous day, with the Greek bond yielding 7.76 pct and the German Bund yielding 0.47 pct. Turnover was a thin 2.0 million euros, all sell orders. Traders said the market remained under pressure on concern about the conclusion of negotiations on the second review of the Greek programme. The two-year bond yield soared to 8.42 pct.

In interbank markets, interest rates were almost unchanged. The 12-month rate was -0.10 pct from -0.101 pct, the nine-month rate fell to -0.161 pct from -0.160 pct, the six-month rate was -0.244 pct, the three-month rate was -0.328 pct and the one-month rate was -0.372 pct.