Greek stocks up in the Athens Stock Exchange, index ends above 800-point level

Greek stocks ended slightly higher in the Athens Stock Exchange on Wednesday, pushing the general index of the market above the 800-point level, to its highest closing since June 11, 2015, with investors’ focusing on Thursday’s crucial Eurogroup meeting in Luxembourg.

The index rose 0.48 pct to end at 800.97 points, off the day’s highs of 802.96 points. The Large Cap index eased 0.63 pct and the Mid Cap index fell 0.40 pct. Turnover was a strong 114.81 million euros in volume of 167,385,227 shares.

Hellenic Petroleum (4.34 pct), PPC (2.96 pct) and Coca Cola HBC (2.08 pct) scored the biggest percentage gains of the day among blue chip stocks, while Terna Energy (1.43 pct), Viohalco (1.33 pct) and GEK Terna (1.08 pct) suffered heavy losses.

Among market sectors, Oil (2.12 pct), Food (2.08 pct) and Utilities (1.61 pct) were top gainers while Financial Services (0.90 pct) and Travel (0.51 pct) suffered losses. National Bank and Piraeus Bank were the most heavily traded securities of the day. Broadly, advancers led decliners by 55 to 49 with another 25 issues unchanged. Moda Bagno (29.23 pct), Pairis (27.24 pct) and Pasal (20 pct) were top gainers, while Lanakam (20 pct), Pegasus (19.63 pct) and Vioter (19.44 pct) were top losers.

ADEX closing report

The June contract on the FTSE/ASE Large Cap index was trading at a discount of 0.03 pct in the Athens Derivatives Exchange on Wednesday. Volume on the Big Cap index totaled 7,192 contracts with 6,169 open positions in the market. Volume in futures contracts on equities totaled 241,101 contracts with investment interest focusing on Piraeus Bank’s contracts (104,884), followed by Alpha Bank (8,063), National Bank (74,243), Eurobank (19,084), MIG (15,588), OTE (2,734), OPAP (521), Hellenic Exchanges (255), Titan (210), Viohalco (503), Mytilineos (5,010), Hellenic Petroleum (2,471), Motor Oil (247), GEK Terna (3,272), Ellaktor (1,183), Jumbo (226), Piraeus Port (208), Intralot (1,123), Folli Follie (686), Cenergy (363).

Greek bond market closing report

The yield spread between the 10-year Greek and German benchmark bonds rose slightly to 5.60 pct in the domestic electronic secondary bond market on Wednesday, from 5.57 pct the previous day, with the Greek bond yielding 5.84 pct (5.82 pct on Tuesday) and the German Bund yielding 0.24 pct. Turnover totaled 3.0 million euros.

In interbank markets, interest rates moved lower. The 12-month rate was -0.152 pct from -0.149 pct, the nine-month rate fell to -0.203 pct from -0.202 pct, the six-month rate fell to -0.271 pct from -0.270 pct, the three-month rate was -0.331 pct and the one-month rate was -0.373 pct.