Small losses on European markets, a slight gain on the Greek stock market.
S&P 500 futures trading at a marginal premium on Wall Street; Brent at $78.80, WTI at $75.65, the U.S. 10-year yield at 4.494%, and in Europe, the DAX at 24,942 (-0.32%), the CAC 40 at 8,381 (-0.47%), and the FTSE 100 at 10,398 (0.34%) following Starmer’s resignation.
Trading on Euronext Athens is proceeding at a satisfactory pace, with buyers in control—from the very first order through to the last ones—shortly after 2:50 p.m.- The market is in positive territory, with selective stock picking—a trend that has been ongoing since the end of last week.
Trading volume stood at 92.2 million euros—with just 8.3 million euros in block trades—and a total of 10.95 million shares traded, of which 5 million were in the banking sector.
The DTR traded in the range of 2,834–2,860 and earlier at 2,851 (0.11%), with relative volatility and frequent shifts in direction throughout the session, a result of the highly active presence of “short-term money.” Intraday and trading orders remain plentiful today, further facilitated by the volatility of all four systemic stocks.
The “quartet” of systemic banks, occupying the top four spots in the relevant ranking, is showing mixed trends among sellers and buyers as the rotation continues between National Bank (15.70), Eurobank (4.264)—which today saw buyers outnumbering sellers—versus Alpha Bank (4.071) and Piraeus Bank (9.308), where sellers currently hold the upper hand.
Trading volume in index stocks is up, with ElvalHalcor posting a new gain of 8.47% to 5.76 euros. As we noted in our previous commentary, the limited free float (barely above 15% of the share capital) facilitates a higher valuation. It already stands at 2.161 billion, with all that this implies for the “pricing” of the stake to be sold to “third parties.”
The benefit is reasonable for Viohalco, which holds 84.2% of ElvalHalcor’s share capital, with a new 3.58% rise to a new high of 21.70 euros. Cenergy Holdings is trading at 25.88 (up 1.88%)—as we noted early on in the EKH, it had preceded the… relevant process (October 2024).
Metlen Energy & Metals shares were at 42.08 (1.05%), GEK TERNA at 45.76 (0.33%), Motor Oil at 38.66 (2.17%), HelleniQ Energy at 11.08 (3.17%) for HelleniQ Energy, 22.56 (0.08%) for Jumbo, and 10.70 (0.09%) for AIA.
The ratio of stocks with positive to negative performance stood at 54 to 65—down from 57 to 34 during the first hour of trading. However, despite the shift in market dynamics, the market has “opened up” toward a segment of mid- and small-cap stocks.
Reaching new highs: Real Consulting (6.80), Thrace Plastics (4.735), ELASTRON (2.81), Alumil (5.68), Papoutsanis (3.46), Crete Construction (2.75), and others.