The mood in European markets is subdued, but investors on the Greek stock market continue to trade above 2,500 points.
Trading volume is moderate, mainly due to the holiday on Wall Street, with leading indicators such as the VIX/CBOE even lower, now at 15.82 points, and the EuroStoxx Banks index at 301 (0.44%). On Euronext Athens, long positions are maintaining their advantage while attempting a slight shift away from the “cash” position.
The DTR stands at 2,855 points, with a new gain of 1.07%, targeting the 2,900-point range where the most recent (11-year) “high” was set. This is a challenge that long positions may take on starting Monday, if and when the necessary conditions are met.
The DTR’s year-to-date gain for 2026 is already at 24.24%, compared to 12.79% for the EuroStoxx Banks index, which explains why some investors are “locking in” profits amid this week’s upward trend.
However, with Wall Street closed for a holiday, order flow is limited compared to the same period over the past four days. Half-hourly turnover stands at just 15 million euros, far below yesterday’s level, though it’s worth noting that it ultimately exceeded 300 million euros due to an increase in pre-arranged orders.
For now, trading volume and block trades are moderate in size (3.8 million via pre-arranged orders, with nothing of particular interest), while out of a total of 1.6 million shares traded, 894,000 were traded in the banking sector. This was the picture in the first half-hour, with the FTSE 25 around 6,420 (0.94%), as inflows gradually strengthened after 10:50, resulting in a partial shift in the trend toward a more bullish stance.
Two block trades in Cenergy Holdings shares totaling 1.4 million euros placed the stock in second place in the relevant ranking. Orders stood at 9,348 (1.52%). Piraeus Bank shares are at 9.354 (0.58%), National Bank shares at 15.83 (2.18%), PPC shares at a new high of 23.60, Metlen Energy & Metals shares at 42.42, and Eurobank shares at 4.281, with buyers dominating the market.
Motor Oil shares were at 41.78 euros, HelleniQ Energy at 10.97, with Eurobank Equities analysts having significantly raised their targets. Stronger refining margins and a shift away from the circular economy—this dual incentive is attracting foreign fund managers who are increasing their positions in the Greek market.
AEGEAN shares are at 13 euros, Allwyn at 14.20, ElvalHalcor at 4.975, AKTOR at 13.80, and others.
Continued inflows into AVAX (3.725), Alter Ego Media (6.07), PPA (45.90), and Profile (8.66) stand out among the FTSE Mid Cap stocks.
New highs for AVAX, Profile, and Medicon, as well as DotSoft, were among the 67 stocks trading in positive territory at 11:15 a.m., compared to 30 trading in negative territory.