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Athens News Agency: News in English, 09-01-05
CONTENTS
[01] Greek bond market closing report
[02] Greek equity funds' returns 'very negative', report
[03] Greek stocks jump 2.79% on Mon.
[01] Greek bond market closing report
Turnover in the Greek electronic secondary bond market rose to 170
million euros on Monday, of which 135 million euros were buy orders and
the remaining 35 million euros were sell orders.
The 10-year benchmark bond (July 20, 2016) was the most heavily traded
security with a turnover of 65 million euros. The yield spread between
the 10-year Greek and German bonds shrank to 214 basis points, with the
Greek bond yielding 5.15 pct and the German Bund 3.01 pct.
In interbank markets, interest rates fell further. The 12-month Euribor
rate was 2.99 pct, the six-month rate was 2.91 pct, the three-month
2.81 pct and the one-month rate 2.52 pct.
[02] Greek equity funds' returns 'very negative', report
Greek equity mutual funds recorded very negative annual returns last
year amid the international credit crisis, official figures showed on
Monday. A report by the Association of Institutional Investors said the
returns of the 65 domestic equity mutual funds ranged between -66.05
pct and -43.30 pct, although it noted that, with only one exception,
all other funds recorded better returns compared with a 65.50-pct
decline in composite index of the Athens Stock Exchange during the
year.
Alice Equity Small and Medium Cap (-66.05 pct), Eurobank Value FTSE 20
Index Fund (-65.42 pct) were the biggest losers of the year, while
Alpha Trust Opportunities (-46.37 pct) and HSBC Growth (-44.93 pct)
recorded the lowest percentage declines in 2008.
[03] Greek stocks jump 2.79% on Mon.
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