Investors are in full swing today following Friday’s holiday on Wall Street. The Nasdaq is trading short, while the DJIA is trading long, and earlier, S&P 500 futures pointed to a session open 0.47% higher, at 7,505 points.
The VIX/CBOE index stands at 15.81 points, the (futures) price for WTI crude oil is at $68.89, and the yield on the 30-year U.S. Treasury note is at 4.977%.
While Trump took a hit in the polls ahead of the Midterm Elections (Nov. 3), traders on Wall Street were focused on the release of the Fed’s minutes on Thursday.
Earlier, Asian markets showed mixed signals, with AI in the spotlight and oil prices lower following the OPEC+ agreement to raise production targets.
DAX futures in Frankfurt are trading at a premium of 0.83%, following a 1.34% gain last week. From 25,958 points (according to Deutsche Börse data).
Investors got off to a strong start on the Greek stock market, with the General Index up 3.59% to 2,537.27 points. July (and the second half of the year) began with a three-session winning streak, with Euronext Athens ranking among the top ten markets with the largest gains during the first half of the year.
The General Index is up nearly 20%, with the DTR up 24.79% and the FTSE25 up 20.37% since the start of the year. This rise applies broadly to both (primarily) large-cap stocks and (secondarily) a significant portion of mid-cap stocks. Understandably, a significant portion of investors and traders are looking to mid-caps for potential opportunities for outperformance, as valuations for certain large-caps have begun to be viewed as expensive.
The 2025 figures and first-quarter results justify even higher prices, but the selection process has become more difficult and complex. From this perspective, a key selection criterion may be the comparison of metrics; for example, George Flokas “prices in” profitability and low book value, with a significant discount relative to foreign peer companies.
Euronext Athens has now begun to gain depth; as we noted in yesterday’s commentary, the market capitalization has risen to 187.2 billion, while six listed companies already exceed 10 billion euros. Coca-Cola HBC, Eurobank, National Bank of Greece, PPC, Piraeus Bank, and Allwyn, with an interesting race for third place (more in the EKH).
The banking sector remains the leading sector, with the Athens Stock Exchange Banking Index (DTR) consistently outperforming the Eurostoxx Banks index; Fitch has upgraded Eurobank and National Bank of Greece, though with a stable outlook. Starting today, 583,280 new shares of Credia Bank are being traded. Those holding long positions in Optima Bank are targeting the all-time high of 10.95 euros.
Alongside the banking sector, the energy sector has also attracted a significant share of investor interest and capital. DEI is the undisputed leader; with its capital increase and, more importantly, the developments that followed, the group has emerged as a generator of excess value, resulting in a higher valuation.
According to Dr. Panos Dantis, technical and fundamental analysis are in “alignment” for higher levels, at a time when PPC’s stock has seen a weekly gain of 2.86%, 11.06% monthly, and a total of 30.22% for 2026. I would like to remind you that the Stoxx Europe 600 Energy index has changed by 19.32%
Meanwhile, significant capital inflows into shares of Motor Oil, HelleniQ Energy, GEK TERNA, TITAN, Jumbo, Metlen, as well as AKTOR, Cenergy Holdings, Allwyn, and others are reinforcing the long-term trend for the FTSE25.
Increased trading volume in ADMIE, AVAX, ADPS, and Sarantis is providing a boost to specific mid-caps (primarily in the FTSEMidCap index).
From today through Wednesday, subscriptions are open for the Seanergy bond (with a yield range of 4.90%–5.20%), with no dividend rights today for Fais Holdings (0.155/share), Elton Chemicals (0.065/share). The day after tomorrow, the annual general meetings of Jumbo and AKTOR will be held, and on Thursday, ElvalHalcor’s extraordinary general meeting will take place to approve the 250 million capital increase.