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Athens News Agency: News in English, 10-06-22
CONTENTS
[01] Greek bond market closing report
[02] Social security bill pending
[03] Stocks end 1.58% down
[01] Greek bond market closing report
(ANA-MPA) -- Turnover in the Greek electronic secondary bond market
jumped to 113 million euros on Tuesday, of which 97 million euros were
sell orders and the remaining 16 million were buy orders. The five-year
benchmark bond (August 20, 2014) was the most heavily traded security
with a turnover of 22 million euros. The yield spread between the
10-year Greek and German benchmark bonds widened to 723 basis points,
with the Greek bond yielding 9.94 pct and the German Bund 2.71 pct.
In interbank markets, interest rates moved slightly higher. The
12-month rate was 1.28 pct, the six-month rate 1.01 pct, the
three-month 0.73 pct and the one-month rate 0.44 pct.
[02] Social security bill pending
(ANA-MPA) -- A closely watched social security reform package will be
tabled, by all accounts, in Parliament on Monday. According to finance
ministry officials, the one-week delay is due to certain issues raised
by the "Troika" (IMF, ECB, EU Commission), which have not been
resolved. One such issue is the retirement age of women working in
Greece's vast public sector who (ANA-MPA) have at least one minor. The
current regime allows for the early retirement of women in the wider
public sector who are mothers of at least one minor, albeit at a
reduced pension rate.
According to the same government sources, the pending issues will be
resolved by Friday. (ANA-MPA)
[03] Stocks end 1.58% down
Stocks ended significantly lower at the Athens Stock Exchange on
Tuesday, following a similar trend in other European markets. The
composite index fell 1.58 pct to end at 1,569.99 points, with turnover
shrinking further to 68.828 million euros.
The Big Cap index dropped 2.08 pct, the Mid Cap index ended 1.02 pct
higher and the Small Cap index rose 0.68 pct. The Industrial Products
(3.95 pct) and Personal Products (2.64 pct) scored gains, while Travel
(3.09 pct) suffered the heaviest percentage losses of the day.
Broadly, advancers led decliners by 91 to 84 with another 43 issues
unchanged. Attikat (15.79 pct), Nereus (11.11 pct) and Intracom (10.29
pct) were top gainers, while ANEK (23.81 pct), Vell Group (19.63 pct)
and Paperpack (13.64 pct) were top losers.
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