Greek stocks ended lower in the Athens Stock Exchange on Friday, extending their decline for the fifth consecutive session this week.
The composite index of the market fell 0.31 pct to end at 1,035.12 points, after rising as much as 1.51 pct early in the session. The index ended the week with a loss of 10.19 pct, but it still offers a 14.01 pct gain so far this year. Turnover shrank to 78.21 million euros.
The Big Cap index fell 0.36 pct and the Mid Cap index ended 2.25 pct lower. Alpha Bank (5.26 pct), PPC (2.56 pct), Coca Cola HBC (1.93 pct) and Eurobank Properties (1.73 pct) were top gainers among blue chip stocks, while Eurobank (15.22 pct), Piraeus Bank (13.75 pct) and MIG (5.38 pct) were top losers. National Bank’s shares were suspended from trading in the market until May 29 as the bank completed a reverse split of its shares.
Food (1.89 pct), Utilities (1.45 pct) and Telecoms (1.44 pct) were top gainers, while Financial Services (3.39 pct), Personal Products (2.87 pct) and Travel (2.65 pct) were top losers.
Broadly, decliners led advancers by 93 to 55 with another 24 issues unchanged. Mathios (29.39 pct), Ilyda (26.75 pct) and PC Systems (18.84 pct) were top gainers, while VIS (30 pct), Alsinco (20 pct) and Kathimerini (19.67 pct) were top losers.
Sector indices ended as follows:
Oil & Gas: -1.51%
Personal & Household: -2.87%
Raw Materials: -2.63%
Travel & Leisure: -2.65%
Food & Beverages: +1.89%
Financial Services: -3.39%
The stocks with the highest turnover were Bank of Piraeus, Alpha Bank, OTE, OPAP and PPC.
Selected shares from the FTSE/ASE-20 index closed in euros as follows:
Alpha Bank: 0.58
Public Power Corp (PPC): 8.00
Hellenic Petroleum: 8.50
EFG Eurobank Ergasias: 0.39
Bank of Piraeus: 0.28
ADEX closing report
The June contract on the FTSE Large Cap index was trading at a premium of 0.67 pct in the Athens Derivatives Exchange on Friday, with turnover at 17.846 million euros. Volume on the Big Cap index totaled 7,655 contracts worth 13.629 million euros, with 38,091 open positions in the market.
Volume in futures contracts on equities totaled 13,140 contracts worth 4.217 million euros, with investment interest focusing on Eurobank’s contracts (4,039), followed by MIG (2,228), OTE (1,330), PPC (1,452), OPAP (867), Mytilineos (1,005), GEK (507), Ellaktor (521), Intralot (246), Hellenic Exchanges (107) and Sidenor (127).
Greek bond market closing report
The yield spread between the 10-year Greek and German benchmark bonds widened to 7.15 pct in the domestic electronic secondary bond market, from 6.76 pct on Thursday, with the Greek bond yielding 8.56 pct and the German Bund 1.41 pct. Turnover was 10 million euros, of which 7.0 million euros were sell orders and the remaining 3.0 million euros were buy orders.
In interbank markets, interest rates were largely unchanged. The 12-month rate was 0.47 pct, the nine-month rate was 0.38 pct, the six-month rate was 0.29 pct, the three-month rate was 0.20 pct and the one-month rate was 0.11 pct.
Foreign Exchange rates
U.S. dollar 1.313
Pound sterling 0.869
Danish kroner 7.565
Swedish kroner 8.727
Japanese yen 133.22
Swiss franc 1.265
Norwegian kroner 7.641
Canadian dollar 1.357
Australian dollar 1.354
**** Fiscal spending fell short by 9.9 pct compared with budget targets in the first quarter of 2013, the Finance Ministry said on Thursday.
The ministry, in a report said that spending by most government agencies was down between 1-67.4 pct in the January-March period, while spending surpassed budget targets by 31 pct in the Finance Ministry, 65.7 pct in the Justice Ministry and by 156.6 pct in regional authorities.
Finance Alternate Minister Christos Staikouras, commenting on the figures, said the report was part of new fiscal rules and practices which envisage reporting of budget figures on a quarterly basis to ensure timely information and transparency in budget execution.
**** Greece’s trade balance deficit shrank by 46.3 pct in March this year, as a decline in the value of imports overshadowed a decline in the value of exports, Hellenic Statistical Authority (ELSTAT) said on Friday.
The statistics service, in a report on the country’s merchandise trade, said the trade deficit fell by 19.7 pct in the first quarter of 2013.
The value of import-arrivals totalled 3.653 billion euros in March, down 29.6 pct from 5.190 billion euros in March last year (excluding oils, the value of imports fell 21.2 pct to 654.4 million euros).
The value of export-deliveries totalled 2.071 billion euros in March, down 7.8 pct from 2.248 billion euros in March 2012 (excluding oils, the value of exports dropped 10.8 pct).
The trade deficit dropped 46.3 pct to 1.581 billion euros in the January-March period (excluding oils, the trade deficit fell by 31.9 pct).
The value of import-arrivals fell 7.6 pct in the first three months of the year to 11.744 billion euros, while the value of exports-deliveries rose 5.1 pct to 6.491 billion euros over the same period.
The country’s trade deficit fell to 5.253 billion euros in the first quarter, from 6.542 billion euros in 2012, for a decline of 19.7 pct.
**** Greek regions were among the EU regions with the highest unemployment rates in 2012, Eurostat said on Wednesday.
The EU executive’s statistics arm, in a report published here said that Western Macedonia was the fifth EU region with the highest unemployment rate (29.9 pct) and the first in youth unemployment (72.5 pct), while the Peloponnese (61.4 pct), Epirus (60.5 pct), Central Macedonia (60.4 pct) and Central Greece (59.1 pct) were included in the top-10 of EU regions with the highest unemployment among young people.
In the EU, the unemployment rate ranged between 2.5 pct in Salzburg and Tirol and 38.5 pct in Ceuta (Spain).
**** Tax proceeds are moving within targets set in the first four months of the year, the Finance Ministry said on Friday.
In a statement, the ministry said that tax agency proceeds totalled 6.21 billion euros in the four-month period, up 0.1 pct from a target set for the period, while in April tax agency proceeds fell 2.3 pct short of the monthly target, to 1.92 billion euros from 1.97 billion euros.
The ministry report also noted that net tax proceeds in April were up 0.2 pct compared with the same month last year and noted that the number of tax debtors continued dropping at a fast rate. The number of tax debtors fell by 85,000 in April, or by 4.0 pct, evidence that tax agencies’ efforts are bearing fruit.
Commenting on the results, Public Revenue Secretary-General, Haris Theoharis, said: “Given our intention of full transparency and accountability to society, we continue our work. We are cautiously optimistic, but not complacent. The battle for revenue is constant and will be won.”
**** Piraeus Port Organization (OLP) on Thursday said its pre-tax profits totaled 347,383 euros in the first quarter of 2013, up from 185,379 euros in the corresponding period last year, while net after-tax profits jumped to 1,133,514 euros from 521,964 in 2012.
Turnover eased 2.38 pct and operating expenses fell by 7.0 pct in the January-March period. The organization said its net position was 160.8 million euros at the end of March, up from 155.5 million euros a year earlier. OLP president George Anomeritis, commenting on the results said: “Despite the fact that the winter season is not the most important period of our activity, results are positive,” adding that proceeds from sea cruise grew 69.97 pct in the winter season.