Buyers hold a slight edge in European markets, with a similar trend on Euronext Athens.
S&P 500 futures are trading at a 0.34% premium, as investor attention is focused on developments in the Persian Gulf.
Oil prices, the VIX/CBOE index, and the yield on the 10-year U.S. Treasury note are edging lower.
The DAX30 is at 24,151 (0.48%), the CAC40 at 8,014 (0.46%), and the FTSE100 at 10,265 (-0.12%)—the first trading session following Monday’s holiday.
In this external environment, in Athens, longs held a slight advantage, which was reflected in the pre-market session.
Starting at 2,202.71 points, the first orders ranged between 2,211.36 and 2,199.45 points as the session progressed, with satisfactory trading volume driven by inflows into bank stocks and blue chips. And today, from the start, several pre-arranged orders were executed, with two in the shares of DEI and one in GEK TERNA. These blocks of shares are indicative of the focus of interest among a segment of the market and the attention on stocks in the news.
The DTR stood at 2,466 (0.51%), the FTSE25 at 5,599 (0.27%), a result of steady inflows into shares of PPC, Eurobank, GEK TERNA, Metlen, and National Bank, which make up the top five.
DEI shares are at 18 euros, Eurobank at 3.645, GEK TERNA at 40.78, Metlen at 36.18, and National Bank at 13.60.
With the announcement of Ideal Holdings’ management’s intention to list “Attica Department Stores” independently on the stock exchange, the session opened on a positive note for mid-caps as well. This development had, to a greater or lesser extent, been announced by the group’s CEO, Lambros Papakonstantinou, as part of an effort to rationalize the fair value of the listed company.
Orders stood at €12.97 for Allwyn shares, €22.86 for Jumbo, €18.42 for OTE, and €4.10 for ElvalHalcor.
Among mid-caps, activity is seen in Ideal Holdings (6.10), Intracom Holdings (3.415), Fourlis (4.63), and KRI KRI, which hit a new all-time high of 24.45 euros.
The ratio of shares with positive to negative signs stood at 57 to 37, and trading volume reached 28.9 million euros at the end of the first hour.