Greek stocks up 12.27 pct in last nine sessions

Greek stocks extended their rally for the ninth successive session in the Athens Stock Exchange on Friday, pushing the general index of the market above the 750-point level. Traders said the market easily absorbed a wave of profit taking selling early in the day. The index rose 0.68 pct to end at 763.99 points, the highest closing since June 26, 2015. The index is up 12.27 pct in the last nine sessions, it grew 5.87 pct in the week and stands 17.14 pct up so far this year. The Large Cap index rose 0.74 pct and the Mid Cap index eased 1.02 pct. Turnover was a strong 86.894 million euros in volume of 130,825,735 shares.

Grivalia Properties (5.18 pct), GEK Terna (3.70 pct) and Lamda Development (2.99 pct) scored the biggest percentage gains of the day among blue chip stocks, while Eurobank (1.89 pct), Motor Oil (1.61 pct) and Viohalco (1.55 pct) suffered heavy losses.

Among market sectors, Real Estate (4.44 pct) and Raw Materials (2.78 pct) scored big gains, while Oil (1.01 pct) and Financial Services (0.78 pct) suffered losses. Piraeus Bank and National Bank were the most heavily traded securities of the day. Broadly, advancers led decliners by 56 to 41 with another 37 issues unchanged. Medicon (18.58 pct), Druckfarben (9.66 pct) and Unibios (9.11 pct) were top gainers, while Sato (19.64 pct), Kreka (19.23 pct) and Mermeren (9.53 pct) were top losers.

ADEX closing report

The May contract on the FTSE/ASE Large Cap index was trading at a premium of 0.04 pct in the Athens Derivatives Exchange on Friday. Volume on the Big Cap index totaled 3,039 contracts with 7,156 open positions in the market. Volume in futures contracts on equities totaled 88,777 contracts with investment interest focusing on Piraeus Bank’s contracts (41,272), followed by Alpha Bank (6,962), National Bank (19,084), Eurobank (13,100), MIG (2,910), OTE (572), PPC (577), OPAP (281), Viohalco (191), Mytilineos (1,979), Hellenic Petroleum (330), Motor Oil 9105), GEK Terna (256), Ellaktor (545), Intralot (221).

Greek bond market closing report

The yield spread between the 10-year Greek and German benchmark bonds eased further to 5.52 pct in the domestic electronic secondary bond market on Friday, from 5.94 pct the previous day, with the Greek bond yielding 5.92 pct (6.02 pct on Thursday) and the German Bund yielding 0.4 pct. Turnover was a thin 5.0 million euros, of which 4.0 million were buy orders.

In interbank markets, interest rates were almost unchanged. The 12-month rate was -0.124 pct, the nine-month rate was -0.177 pct, the six-month rate was -0.250 pct, the three-month rate was -0.329 pct and the one-month rate was -0.374 pct.