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Athens News Agency: News in English, 09-10-05

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

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

CONTENTS

  • [01] Souflias retires from politics
  • [02] Greek bond yields mixed in Sept.
  • [03] Stocks end slightly lower

  • [01] Souflias retires from politics

    (ANA-MPA) -- Outgoing environment, town planning and public works minister George Souflias on Monday announced that he would not assume the state deputy's seat he is entitled to, as the head of New Democracy's relevant state deputies list, a day after the up-until-Sunday ruling party suffered a crushing electoral defeat.

    "My political course is ended," a lengthy letter by the veteran Larissa-district politician stated on Monday afternoon, adding that he will not be sworn-in as a deputy in the new Parliament.

    "Let me also clarify that I am not interested in any political position, either within ND or beyond. What I am interested in is to breathe beyond (the sphere of) politics," he stressed, while referring to his 35-year-old course in politics.

    [02] Greek bond yields mixed in Sept.

    Bond yields were mixed in the Greek electronic secondary bond market in September, with the five- and 10-year benchmark bondsā returns rising slightly, while the three-, 15- and 30-year bondsā returns eased slightly in the month, the Bank of Greece said on Monday.

    The central bank, in its monthly report, said the three-year benchmark bond yield fell by 26 basis points to 2.20 pct at the end of September, while the 15- and 30-year bond yields fell by 6.0 and 5.0 basis points to 4.83 pct and 5.18 pct, respectively. The yield curve grew in September, with the spread between the 30-year and three-year benchmark bonds rising to 298 bps, from 276 bps a month earlier. The monthly average yield spread between the Greek and German 10-year benchmark bonds widened to 127 bps in September, from 118 bps in August.

    Bond prices were also mixed, with the three-year bond price rising to 104.98 pct at the end of September, from 104.47 a month earlier, while the 10-year bond price fell to 111.52 from 111.78 points, over the same period, respectively.

    Turnover in September jumped to 51.79 billion euros, from 30.76 billion euros on August and 26.30 billion euros in September 2008. Daily average turnover was 2.35 billion euros in September, from 1.46 billion in August. The seven- and 10-year benchmark bonds were the most heavily traded securities, accounting for 72 pct of total turnover.

    [03] Stocks end slightly lower

    Greek stocks ended moderately lower at the Athens Stock Exchange on Monday, reversing an early rally of prices, as a mixed appearance by other European markets left the Greek market without direction. The composite index fell 0.48 pct to end at 2,581.07 points, with turnover a moderate 225.8 million euros, of which 26.4 million euros were block trades.

    Most sectors moved down, with the Food/Beverage (2.37 pct), Technology (1.38 pct) and Banks (0.86 pct) suffering the heaviest percentage losses of the day, while Utilities (1.89 pct), Industrial Products (1.41 pct) and Chemicals (1.0 pct) scored gains.

    The FTSE 20 index fell 0.60 pct, the FTSE 40 index ended 0.32 pct higher and the FTSE 80 index eased 0.14 pct. Broadly, advancers led decliners by 102 to 89 with another 55 issues unchanged.


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