The rise in European markets is broadening, while it is moderating in the Greek stock market.
With S&P500 futures steadily at a premium, buyers are intensifying their moves mainly in Frankfurt and less so in Paris, Athens.
From 7,462 (0.34%) for the S&P500 futures, to 25,002 (1.49%) for the DAX, 8,410 (0.51%) for the CAC40 and 2,473 (0.26%) for the General Index.
The outperformance of the DAX is due to the strong upward correction in the shares of Siemens Energy (5.74%), Siemens (4.78%), Bayer (3.19%), Deutsche Post (2.30%) but with marginal change for the banking stocks of Commerzbank, Deutsche Bank. Deutsche Telekom shares are down 4.09%.
At 292.28 points, up 0.87%, the EuroStoxx Banks, with a moderate trend that, "reaching" Euronext Athens, is limited to 0.60% for the DTR at 2,785 points. Vote of confidence for domestic banking from UBS, something that remains to gradually begin to show from the beginning of July.
For the time being, trading in sector shares is at moderate levels, with 6.5 million pcs out of a total of 12.3 million shares. Only at 15.00' did turnover exceed 100 million euros, with 15.2 million through pre-agreed orders, fewer compared with the immediately previous sessions and yesterday's 50-plus million.
A session which, according to a stockbroker, has the characteristics of partial profit-taking combined with an effort to improve the valuation of specific listed companies. In a way, combined profit taking with a little window dressing. Last session of June (and of the half-year) with turnover having fallen to less than 300 million euros for days now. Lack of fuel, absence of incentives? In any case, investment interest has moderated after the recording of the latest "peaks" at 2,902 for the DTR and 2,506 points for the General Index.
With a differentiated composition, the top five, as the banking Alpha Bank (4.014), National (15.24) are followed by the blue chips AKTOR (13.84), Metlen Energy & Metals (41.48) and GEK TERNA (45.56). The second also has a similar composition, with PPC (23), Piraeus (9.054), Eurobank (4.174) and Cenergy Holdings (23.0,) ADMIE (4.695).
Compositions that, if nothing else, confirm the broadening of investment choices, the opening of foreign fund managers toward a wider part of large capitalization.
Comparatively satisfactory turnover, with buyers having the upper hand in HelleniQ Energy (11.11), Allwyn (13.995), OTE (19.45), TITAN (52.10), DAA (10.78)
The mood is similar in the midcaps, with PPA (44.25), Fourlis (4.46), Intracom Holdings (3.33) standing out among the FTSEMidCaps shares.
At 56/63 the ratio of stocks, with a positive/negative sign at 15.15', with turnover having reached 101.9 million and with pre-agreed orders for the AKTOR share of a total value of about 4.4 million euros having been added earlier.