Investors in European markets are in negative territory, as S&P 500 futures on Wall Street have turned negative.
Khamenei orders enriched uranium to remain in Iran, with traders in Frankfurt and Paris factoring in Tehran’s hardening stance. It is the penultimate trading session of the week, and based on developments so far, it appears that some investors are locking in their positions.
According to a broker, first and foremost, those with the shortest-term horizons who were anticipating a favorable outcome should now reassess and“lock in” some of their gains for the immediate future.
The session on the Greek stock exchange is taking place in a different atmosphere, driven by a trend fromPPC, with the result that the General Index is holding above 2,250 points. Buyers have been in the lead from the start through the early session, particularly in bank stocks and blue chips, with turnover exceeding €260 million (3:15 p.m.), with 25.2 million shares traded, of which 14.6 million were in the banking sector.
A buying mood prevailed from the start, with traders brushing aside the slowdown in growth amid a simultaneous further rise in inflation. This is because the market is currently moving at PPC’s pace, with traders playing a very active role. This makes sense given that the new shares from PPC’s capital increase will be listed for trading early next week.
In practical terms, this means that in the short term, there is room for leverage—centered on this specific stock—which reached as high as €21.74.
With 5.6 million shares traded in PPC and a price range of €20.20–€21.74, it is clear that intraday trading strategies are in the spotlight today. Possibly tomorrow as well, provided the mood onWall Street does not deteriorate.
The DTR stands at 2,558 (2.98%), with 14.5 million shares traded—as mentioned—with Eurobank accounting for the majority.
Citi expresses confidence in Metlen’s guidance, with a target price of 52 euros. The current price on the board is 37.66 euros.
Activity also in mid-caps following the announcement of the acquisition of Europe Holdings by Credia Bank.
The ratio of shares with positive to negative performance stands at 56 to 62.