Trading on European markets continues in a positive mood, with the General Index on the Athens Stock Exchange holding steady above 2,400 points.
Futures on Wall Street are trading at a premium, with the S&P 500 at 24,942 (1.34%), the CAC40 at 8,445 (1.15%), and the EuroStoxx Banks at 283.89 (1.93%) on Euronext Athens, the banking sector is leading the General Index toward new highs.
At 2,818.53 (2.54%) the DTR, within a range of 2,776.74–2,845.98 points—just a hair’s breadth from the “peak” of 2,859.37 points—with both a steady long trend and partial position-locking evident, likely by traders.
Turnover exceeded €150 million (*), with 20.3 million shares traded—13.9 million of which were in banking stocks—primarily the four systemic banks.
Foreign firms remain positive on the domestic banking sector, with Morgan Stanley taking the lead, viewing the sector as attractive relative to the European average.
The P/E ratio for the DTR stands at 22.80% for 2026, compared to 6.3% for the EuroStoxx Banks index—an outperformance that has persisted since the start of the year, explaining foreign investors’ preference for shares in Alpha Bank, Eurobank, National Bank of Greece, and Piraeus Bank. Inflows have been steady since the start of the session, resulting in new highs for all four stocks, though the sector index has not yet reached a new peak.
Alpha Bank shares are at 4.087 (3.75%), Eurobank at 4.187 (3.08%), Piraeus Bank at 9.256 (2.30%), and National Bank at 15.36 (2.17%).
Cyprus Bank (9.716), Optima Bank (10.55), and Credia Bank (1.2440) also closed higher. The latter, following Friday’s session, has been included in the Stoxx and FTSE/Russell indices, which is why market participants anticipate further inflows later in the week.
There was a clear mix of new purchases and partial liquidations of positions in bank stocks; it was more or less expected that some of the “quick money”—purchases made at lower levels on Wednesday and Thursday—would be booked today. And that is exactly what happened. In addition, dividends from Eurobank and National Bank were credited to beneficiaries’ accounts today, with some of the liquidity being reinvested even in the same stocks.
Inflows into PPC shares remained steady, reaching new highs of €23.36, as did those into OTE (19.37), Metlen (41.86), Jumbo (22.86), GEK TERNA (44.78), AEGEAN (12.76), Allwyn (13.93), Cenergy Holdings (24.08), ElvalHalcor (4.70), and others.
Amid increased trading volume, Prodea shares surged 4.81% to 5.45 euros. Management is proceeding with the distribution of the remaining net dividend of 1.5 euros per share, payable next Monday (June 22).
Reaching 6,304 points, a new high for the FT 25, as inflows and gains continue for all banks and the majority of blue chips.
The ratio of positive to negative stocks stands at 69 to 47, a shift from the initial 90 to 9, as profit-taking moves are evident during the session.
( * ) At 14:15, the value of pre-arranged orders stood at 20.3 million euros.