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Athens News Agency: News in English, 10-04-19
CONTENTS
[01] ND: Avoidance of IMF a 'non-negotiable stance'
[02] Greek bond market closing report
[03] Stocks end 2.56% down
[01] ND: Avoidance of IMF a 'non-negotiable stance'
(ANA-MPA) -- Main opposition New Democracy (ND) on Monday reiterated
the party's conviction that Greece, with the proper policy mix, can
face its borrowing crisis alone and avoid resorting to the EU support
mechanism.
ND spokesman Panos Panagiotopoulos reiterated a statement by party
leader Antonis Samaras made Sunday that with the proper policy mix "our
country can face the borrowing crisis on its own and avert the EU
support mechanism, which includes International Monetary Fund (IMF)
involvement".
[02] Greek bond market closing report
(ANA-MPA) -- The yield spread between the 10-year Greek and German
benchmark bonds jumped to new record highs in the Greek electronic
secondary bond market on Monday, reaching 461 basis points, from 425
bps on Friday, with the Greek bond yielding 7.68 pct and the German
Bund 3.07 pct. Turnover in the market shrank significantly to 181
million euros, of which 151 million were sell orders and the remaining
31 million were buy orders. The three-year bond (March 20, 2012) was
the most heavily traded security with a turnover of 71 million euros.
In interbank markets, interest rates were largely unchanged. The
12-month Euribor rate was 1.24 pct, the six-month 0.99 pct, the
three-month rate 0.71 pct and the one-month rate 0.48 pct.
[03] Stocks end 2.56% down
Stocks ended sharply lower in the Athens Stock Exchange on Monday, hit
by a jump in the Greek state bond spread to a new record high. The
composite index of the market ended 2.56 pct lower at 1,944.11 points,
with turnover a low 141.771 million euros.
The FTSE 20 index dropped 2.47 pct, the FTSE 40 index ended 3.29 pct
down and the FTSE 80 index fell 2.03 pct. All sectors moved downwards,
with the Health (8.49 pct) and Financial Services (4.85 pct) suffering
the heaviest percentage losses of the day.
Maillis (15.38 pct), Loulis (7.78 pct), Minoan Lines (7.26 pct) and
Haidemenos (6.84 pct) were top gainers, while Edrasi (18.18 pct), Sato
(16.67 pct), Karamolegos (13.92 pct) and Cardico (13.04 pct) were top
losers. Broadly, decliners led advancers by 161 to 32 with another 26
issues unchanged.
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