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Athens News Agency: News in English, 10-06-07

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] Greek bond market closing report
  • [02] PASOK com't strips Tsohatzopoulos of party membership
  • [03] Stocks drop to 12-year lows

  • [01] Greek bond market closing report

    (ANA-MPA) -- Turnover in the Greek electronic secondary bond market totaled 80 million euros on Monday, of which 53 million were sell orders and the remaining 27 million euros were buy orders.

    The three-month state security was the most heavily traded security with a turnover of 40 million euros. The yield spread between the 10-year Greek and German benchmark bonds widened to 559 basis points, from 545 bps on Friday, with the Greek bond yielding 8.14 pct and the German Bund 2.55 pct.

    In interbank markets, interest rates moved lower. The 12-month rate was 1.26 pct, the six-month rate 0.97 pct, the three-month 0.70 pct and the one-month rate 0.43 pct.

    [02] PASOK com't strips Tsohatzopoulos of party membership

    (ANA-MPA) -- Members of a ruling PASOK party transparency committee on Monday unanimously decided to strip former minister and long-time deputy Akis Tsohatzopoulos of his party affiliation, in the wake of heightened press speculation over the latter's property holdings.

    Tsohatzopoulos himself appeared before the party committee, which also examined recent press articles and the former minister's statements of means declarations.

    The ruling, according to the committee, is not linked with whatever legal ramifications the case may entail and does constitute an extra-judicial intervention, as a statement read.

    [03] Stocks drop to 12-year lows

    Stocks fell to their lowest levels since February 1998 at the Athens Stock Exchange on Monday, hit by a wave of strong selling pressure. The composite index of the market dropped 5.45 pct to end at 1,403.92 points, with turnover at 141.030 million euros.

    The FTSE 20 index fell 5.85 pct, the FTSE 40 index ended 3.24 pct and the FTSE 80 index ended 3.38 pct down. The Financial Services (1.54 pct) was the only sector to score gains, while Telecoms (11.69 pct) and Food (7.13 pct) suffered the heaviest percentage losses of the day. Broadly, decliners led advancers by 173 to 17 with another 38 issues unchanged. Attica Publications (8.5 pct), Fourlis (8.33 pct) and Marfin Egnatia (7.0 pct) were top gainers, while Ikona-Ihos (20 pct), Sfakianakis (19.28 pct) and Cyclon Hellas (14.89 pct) were top losers.


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