With attention focused on Wars' statements and an eye on developments in the Middle East, buyers appear ready to continue their buying spree on Wall Street today.
A shift in trend in the New York futures market, with S&P 500 futures moving from a 0.18% discount to a 0.12% premium; resulting in the DAX 30 in Frankfurt rebounding from 24,900 to 25,110 and recently settling at 25,016 (0.48%); a similar fluctuation was seen for the CAC 40 in Paris.
The EuroStoxx Banks rose from 284.26 to 288.55 points, with the trend extending to the Greek stock market as buyers stepped in at the end of the first hour.
With the first orders ranging from 2,850 to 2,833, then moving toward 2,882, and most recently at 2,874 (1.38%), the DTR remains in a bullish trend, as after an initially cautious first hour, buyers strengthened their positions in all four systemic stocks.
Initially, with buyers dominating at Eurobank and Piraeus Bank and sellers holding a slight edge at National Bank and Alpha Bank, and then between 11:30 and 11:45 a.m. with the gradual activation of buy orders at National Bank and Alpha Bank, the sector took center stage—taking the lead.
The shift in trend for the DTR resulted in a rebound for the GD from 2,455 to 2,482 and, just a short while ago, to 2,476 (0.58%), with order flow strengthening after 2:00–2:15 PM for the majority of blue chips.
From 6,251 to 6,324 and just a short while ago at 6,311 (0.65%), as initial buying in HelleniQ Energy, Motor Oil, OTE, Jumbo, and ElvalHalcor was successively joined by AIA, PPC, Allwyn, Cenergy Holdings, AKTOR, Lamda Development, and others.
Trading volume reached nearly €185 million, with €16.49 million via pre-arranged orders and 13.92 million shares traded on the banking sector out of a total of 24.1 million shares.
The top four most active buyers were three banks and one blue-chip stock. Piraeus Bank (9.504), National Bank (15.44), and PPC reached new highs of 23.06 euros. Next are Alpha Bank (4.276), ADMIE (4.33), OTE (19.37), Motor Oil (38.58), Allwyn (13.92), and others.
ADMIE shares were among the top ten, with new inflows pushing them to a high of €4.335. The rights issue was covered right at the opening bell, with Capital Group participating with 70 million euros, and as Manousakis and Karabelas clarified earlier, there will be no broader sale of shares despite the increased demand.
The ratio of shares with a positive to negative sign stands at 56/50, up from 42/54 in the first hour of trading.