Greek stocks recovered in the Athens Stock Exchange on Wednesday

Greek stocks recovered in the Athens Stock Exchange on Wednesday, after four days of decline during which the composite index of the market fell 1.98 pct. Analysts said market sentiment was encouraged by reports of progress in negotiations between Greek authorities and its creditors to complete a second review of the Greek program. The composite index rose 0.96 pct to end at 649.31 points, off the day’s highs of 656.92 points. The Large Cap index rose 0.82 pct and the Mid Cap index ended 1.01 pct higher. Turnover was a slightly improved 44.444 million euros in volume of 61,254,776 shares.

Ellaktor (9.73 pct), GEK Terna (5.91 pct) and Terna Energy (4.38 pct) scored the biggest percentage gains of the day among blue chip stocks, while Jumbo (1.11 pct), Folli Follie (1.07 pct) and Aegean Airlines (0.46 pct) suffered losses. Among market sectors, Utilities (2.40 pct), Travel (2.36 pct) and Construction (1.60 pct) scored big gains, while Commerce (1.07 pct) and Personal Products (0.98 pct) suffered losses.

Piraeus Bank and National Bank were the most heavily traded securities of the day. Broadly, advancers led decliners by 71 to 44 with another 27 issues unchanged. Minerva (29.89 pct), Nakas (25.53 pct) and Sato (20 pct) were top gainers, while Kreka (17.92 pct), Livanis Publications (14.29 pct) and AEGEK (12.96 pct) were top losers.

Greek bond market closing report

The yield spread between the 10-year Greek and German benchmark bonds eased slightly to 6.75 pct in the domestic electronic secondary bond market on Wednesday, from 6.82 pct the previous day, with the Greek bond yielding 7.11 pct and the German Bund yielding 0.36 pct. Turnover was a thin one million euros.
In interbank markets, interest rates were mixed. The 12-month rate was -0.11 pct, the nine-month rate was -0.171 pct, the six-month rate rose to -0.241 pct from -0.240 pct, the three-month rate was -0.328 pct and the one-month rate was -0.373 pct.

ADEX closing report

The March contract on the FTSE/ASE Large Cap index was trading at a premium of 0.12 pct in the Athens Derivatives Exchange on Wednesday. Volume on the Big Cap index totaled 2,234 contracts with 9,053 open positions in the market. Volume in futures contracts on equities totaled 63,979 contracts with investment interest focusing on National Bank’s contracts (27,467), followed by Alpha Bank (4,954), Piraeus Bank (14,921), Eurobank (6,506), MIG (1,657), OTE (371), PPC (363), OPAP (710), Viohalco (1,903), Mytilineos (101), Hellenic Petroleum (1,795), GEK Terna (1,416), Ellaktor (1,523), Cenergy Holdings (105).