Stock Exchange: Extended rise for banks and blue chips

The General Index is climbing to the 2,380 mark, with banks up +2%. Metlen, Aegean, CEK Terna stand out upwards. At a new high Cenergy, Kri Kri and Ideal.

Stock Exchange: Extended rise for banks and blue chips

This article is an AI translation of an original piece published in Greek. Read original

The mild upward trend in European markets continues, partly driven by the rebound in Wall Street futures.

With a marginal premium over the discount, S&P 500 futures point to an opening of the session at 7,579 points.

The DAX30 is at 25,135 (0.14%), with a positive return of 4.96% in May. The CAC40 is at 8,255 (0.81%), up 2.29% this month.

The EuroStoxx Banks index stood at 273.64 (1.13%), helping long positions in their bid to reach higher levels.

The DTR stood at 2,714 (1.74%), up 7.95% in May, outperforming the European average, justifying the consistent preference of foreign fund managers for all four systemic stocks.

In the latest session, the MSCI Greece index included eight stocks—National Bank, Piraeus Bank, Eurobank, Alpha Bank, Allwyn, OTE, Jumbo, and PPC —as the inclusion of GEK TERNA is anticipated.

This rebalancing has interesting implications, as beyond this specific addition—which will attract significant capital inflows—the weighting of PPC will be adjusted. With a valuation of 13.142 billion—following the capital increase—the PPC group gains greater “specific weight,” apparently also in terms of accessibility to passive funds.

Orders for bank stocks are at 2,703–2,729 points, with Piraeus at 9.07 (1.30%),Eurobank at 3.934 (3.53%), National Bank at 14.835 (0.78%), and Alpha Bank at 3.899 (3.15%).

DEI shares topped the list again today for the second consecutive session, with orders at 21.96–22.50 euros.

High up in sixth place is GEK TERNA, with orders at €42.20–43.24, showing steady inflows since the start of the session. With a 70% increase since the start of 2026, the group’s valuation stands at €4.445 billion, and brokers estimate inflows at €100 million.

Inflows were also seen in shares of Credia Bank (1.308) as it joins the MSCI Small Cap index, Metlen Energy & Metals (41.90)—with top executives of the group continuing to buy shares—Allwyn (12.385), Cenergy Holdings—hitting a new high of €25.76—Jumbo (23.58), TITAN (50.60), HelleniQ Energy (10.34), ElvalHalcor (5.09), and others.

Turnover approached €150 million, with 14.6 million shares traded—€8.3 million in bank trades—and pre-arranged orders totaling €21.38 million.

Piraeus Bank and PPC saw the largest block trades.

Shortly after 2:30 p.m., the ratio of shares with positive/negative signs stood at 89/34—roughly at the initial pace—with satisfactory leverage for specific mid-caps.

New all-time highs ranged from €27 for KRI KRI shares to €7.01—a new high—for Ideal Holdings, with Qualco at €5.92, Alter Ego Media at €5.40, and AVAX at €3.65.

 

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