Investors remain cautious in European markets, with an attempt to recoup lost ground during yesterday’s session on Euronext Athens.
The final session of the week ended with a marginally positive outcome for traders on Wall Street, with S&P 500 futures trading at slightly lower levels—a 0.08% discount.
With no substantial change in the situation across the broader Middle East, investor attention is also turning to economic and business news, with SpaceX’s upcoming massive IPO seen as a key benchmark for New York and international stock markets.
Mixed trends for the DAX 30 and CAC 40, with the EuroStoxx Banks at 270.05 (0.75%); the first investor orders in Athens were placed at slightly higher prices. Orders for the four systemic stocks were in the 2,635–2,640 range, following yesterday’s significant correction for the sector and the negative development of the loss of the 2,700-point level (as support) for the DTR. Yesterday’s broad correction was also attributed to the extension of profit-taking/dividend distribution, which resulted in traders rushing to liquidate positions.
Continued inflows into PPC shares—the consensus view in the market is that the spectacular capital increase has changed the landscape not only for the group but more broadly for the energy sector and large-cap stocks. Additionally, agreements with companies such as Motor Oil —following earlier deals with Metlen Energy & Metals—are upgrading the energy sector, with all that this implies in terms of valuation. Always looking ahead.
Orders for PPC shares are at €21.58, for Motor Oil at €39.68, and for Metlen at €40.80.
With net buyers in Eurobank (3.884), NBG (14.59), Alpha Bank (3.735), and Piraeus Bank (8.78). Optima Bank shares are at €10.28, Cyprus Bank at €9.455, and Credia Bank at €1.228.
With, relatively speaking, increased trading volume, OTE is at 18.19 euros, Cenergy Holdings at 25.02, and AEGEAN at 12.15.
The FTSE 25 stood at 5,962 (0.55%), as Allwyn shares also rose (13.455).
Activity among mid-caps, particularly in specific cases such asBally’s/Intralot and Ideal Holdings.
The binding offer for Evoke and the prospect of Attica Department Stores going public, respectively, are creating leverage opportunities for both groups.
Turnover stood at 13.8 million at the half-hour mark, the lowest of the three sessions this week.