ATHEX advnaced for 2nd day

Market was strong for a second day while credit market pared gains for 3rd day and saw levels not seen since late October. 10year spread was 13ppts tighter at 692. Local market strengthen after the EU and German FinMin statements claiming progress in negotiations. 

PPC and banks outperformed for a second day, while transaction activity accelerated compared to previous sessions. 

Among gainers, PPC advanced 6.71%, ALPHA +4.67% and TITK +3.84%, while INLOT lost 1.60%, OPAP -1.37% and FFGRP -0.28%. 

According to EU representative, Greece seems increasingly likely to receive a technical extension to its euro-area rescue program when finance ministers meet in Brussels next week.