Investor sentiment is on the rise in European markets, while sellers hold the advantage on the Greek stock exchange. S&P 500 futures are trading at a steady discount (-0.37%), but the DAX, CAC 40, and EuroStoxx Banks are in positive territory.
Investor orders were negative from the start and during the first half-hour, with the DTR down 1.82% to 2,660 points. According to brokers, the ex-dividend date for Eurobank and National Bank, along with developments regarding interest rates under the Katseli law, justify the selling stance of some investors.
The first orders for all four systemic stocks opened with a downward gap, with the intention evident from the pre-market session. The DTR opened at 2,682.59 and fell 7–8 points, with selling in the banking sector and the trend extending to most blue chips.
With only five of the FTSE 25 stocks seeing more buyers than sellers, the market sentiment, based on the composition of trades in the past half-hour, points toward a “close” at lower price levels.
Orders for Eurobank shares are at 3.95–3.892 euros, for National Bank at 14.505–14.285 euros (after the ex-dividend adjustment of 0.7187 and 0.2939 euros, respectively), with sellers also in Alpha Bank (3.834), Piraeus (8.818).
A contentious issue for the banking sector is the matter of interest rates, with Dimitris Spyrakos offering his own take on how they should be calculated, following the Supreme Court’s decision, with the lawyer who drafted the Katseli law noting that Decision 6/2026 definitively resolves the critical issue.
Order flow was rather modest in the past half-hour, with steady selling in twenty of the index’s stocks, and signs of partial position-taking in specific blue-chip bellwethers.
Orders for PPC shares are at 22.40-21.94, for Allwyn at 13.40-13.33 euros, at 41.90-41.82 for Metlen Energy & Metals, at 49.30-48.72 for TITAN, at 43-42.76 for GEK TERNA, etc.
Regarding stocks that have outperformed over the past week, one could argue that some profit-taking is taking place, according to a broker who also notes the political context. Kyriakos Mitsotakis is putting the New Democracy party on pre-election alert, as Filippos Pantazis noted early on, since the Political Committee is meeting today.
Buyers have the upper hand in Coca-Cola HBC (51.80), HelleniQ Energy (10.12), OTE (18.46), Jumbo (22.82), and AIA (10.14). However, there is renewed pressure on Cenergy.
The ratio of positive to negative stocks stands at 33/61. ADMIE (4.075), AEM (5.42), AVAX (3.385), Profile (7.70), and Trade Estates (2.04) stand out among FTSEMidCap stocks.
The value of pre-arranged orders stands at just €2 million as of 11:15 a.m.