Greek stocks recovered slightly in the Athens Stock Exchange

Greek stocks recovered slightly in the Athens Stock Exchange on Thursday, after two days of decline that pushed the composite index of the market 2.81 pct lower. Analysts said market sentiment was encouraged by a recovery in European markets in the aftermath of election results in the Netherlands.

The composite index rose 0.50 pct to end at 636.13 points, off the day’s highs of 641.04 points. The Large Cap index ended 0.56 pct higher and the Mid Cap index eased 0.86 pct. Turnover was a low 33.138 million euros in volume of 64,007,379 shares.

Folli Follie (3.33 pct), Ellaktor (2.63 pct) and Viohalco (2.34 pct) scored the biggest percentage gains of the day among blue chip stocks, while Jumbo (1.84 pct), Terna Energy (1.44 pct) and Lamda Development (0.43 pct) suffered heavy losses.

Among market sectors, Commerce (3.33 pct), Raw Materials (1.92 pct) and Constructions (1.23 pct) scored big gains, while Personal Products (1.66 pct), Real Estate (0.16 pct) and Banks (0.06 pct) suffered losses.

Piraeus Bank and National Bank were the most heavily traded securities of the day. Broadly, advancers led decliners by 59 to 41 with another 27 issues unchanged. Moda Bagno (28.24 pct), GEK (19.66 pct) and Minerva (18.79 pct) were top gainers, while Douros (20 pct), Sidma (19.75 pct) and Progressive (18.37 pct) were top losers.

ADEX closing report

The March contract on the FTSE/ASE Large Cap index was trading at a discount of 0.19 pct in the Athens Derivatives Exchange on Thursday. Volume on the Big Cap index totaled 3,281 contracts with 8,303 open positions in the market. Volume in the futures contracts on equities totaled 183,407 contracts with investment interest focusing on Piraeus Bank’s contracts (63,909), followed by Alpha Bank (11,759), National Bank (57,587), Eurobank (23,905), MIG (10,940), Viohalco (1,923), OTE (2,251), PPC (3,655), OPAP (684), Hellenic Exchanges (197), Mytilineos (1,697), Hellenic Petroleum (791), Cenergy Holdings (149), Fourlis (204), Metka (150), GEK Terna (602), Ellaktor (2,136), Intralot (652), Jumbo (122), Piraeus Port (174).

Greek bond market closing report

The yield spread between the 10-year Greek and German benchmark bonds eased slightly to 6.87 pct in the domestic electronic secondary bond market on Thursday, from 6.9 pct on Wednesday, with the Greek bond yielding 7.31 pct and the German Bund yielding 0.44 pct. Turnover was a thin 1.0 million euros.

In interbank markets, interest rates were largely unchanged. The 12-month rate was -0.11 pct, the nine-month rate was -0.171 pct, the six-month rate was -0.241 pct, the three-month rate was -0.329 pct and the one-month rate was -0.371 pct.