European markets are correcting, while trends are mixed on the Greek stock market. Following the correction in Asian markets and in the wake of the attack on a merchant ship in the Strait of Hormuz, sellers have the upper hand in Frankfurt and Paris, while in New York, S&P 500 futures point to an opening 0.28% lower, at 7,353 points.
The VIX/CBOE is hovering at 19.62 points, but oil prices are falling again (WTI at $69.84, Brent at $73.43). In Europe, the DAX is down 0.72% to 24,801 points, and the CAC 40 is down 0.47% to 8,395 points.
The EuroStoxx Banks index is down 0.70% at 291.34 points, though buyers hold a slight edge on Euronext Athens, with the DTR at 2,758 points (0.34%). Investors appear more cautious during the first hour of trading than at any other session this week. Trading volume stands at 28 million euros, with 2.12 million shares—out of a total of 3.62 million—traded in banking stocks.
AKTOR shares are among the top five in this ranking, with increased trading in the range of 13.64–12.60 euros. The weekly change stands at 8.67% and the monthly change at 27.51%, with the “buffer zone” that has formed during these periods acting as a supply absorption zone. Stelios Bouras has had the details from the outset on how management will raise one billion to finance the ambitious three-billion-euro investment plan.
Eurobank shares are trading at 4.10 euros, National Bank at 15.16, Alpha Bank at 3.97, and Piraeus Bank at 9.02, with buyers holding a slight edge in all four. The weekly change for the DTR stands at -3.47%, a result of profit-taking by a portion of investors, likely also in the context of the half-year “close.”
There was a net outflow from the banking sector and selective inflows into specific blue-chip stocks, with the FTSE 25 at 6,205 points (-0.27%). Whether this represents a repositioning by long investors or short sellers covering positions at multi-year highs remains an unanswered question for now.
Coca-Cola HBC shares are trading at 55.40 euros, down, following a spectacular weekly gain (6.23%); Motor Oil shares are at 37.98 euros with sellers dominating; and HelleniQ Energy shares are at 10.73 euros with buyers dominating (following announcements made at yesterday’s general meeting). OTE shares are trading at 19.34 euros, Metlen at 40.90, GEK TERNA at 44.84, AEGEAN at 12.86, and AIA at 10.59.
Compared to the previous four trading sessions, sentiment among mid- and small-cap stocks is subdued, with 44 stocks up and 52 down. CNL Capital (8.80), Interwood-Xylemporia (0.275), Quality & Reliability (1.228), Athens Medical (1.98), and EYATH (at a new high of 4.50 euros) are among the standout gainers.