Energy and banks sustain the rise in the Stock Exchange

In banking stocks and energy lies buyers' preference. Lamda Development, Allwyn and Cenergy Holdings are also among the choices. The refineries continue their high-flying performance.

Energy and banks sustain the rise in the Stock Exchange
Εικόνα με χρήση τεχνητής νοημοσύνης (AI generated image)

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Mixed trends in European markets, with banks and energy marking the differentiation of buyers in the Greek stock market.

Holiday on Wall Street, somewhat reduced trading in Frankfurt, Paris and proportionally a larger share today in London.

At $97.54 Brent, at 5.246% the 30-year US bond and at 10,851 (0.14%) the FTSE 100.

At 25,935 points the DAX, with losses of 0.34%, the German 10-year at 3.3656%, ticking up a little compared with Friday. At 3.1% ten days to two weeks ago, with a steadily upward trend.

Effective, so far, is the effort for differentiation in Euronext Athens led by banking and with the refining sector as co-driver, as we had said in advance in our (pre-market) comment.

From the start of the session, buyers' intentions became apparent, to continue their new placements in shares of the refining groups Motor Oil, HelleniQ Energy, giving the FTSE 25 a long direction from the first half hour. In sync with inflows into shares of groups in the EuroStoxx Oil & Gas, the new flows into MOH up to 65.40 euros, at new all-time highs, and into HelleniQ Energy up to 16.55 euros, a new multi-year high.

Initially stabilizing and from 11:00-11:15 gradually at higher prices were the orders in the shares of the systemic banks, with the result that the DTR from 3,207 (low at 10:55) strengthened to 3,256 (high at 13:06) and since then has been fluctuating in the area of 3,247 (1.14%).

With trades of 17.92 million shares by 15:30, 11.87 million of them in banking stocks, and with turnover of 150 million euros, 20.38 million through pre-agreed orders. The most significant transactions were in banking stocks and PPC.

At 17.895 (1.97%) the share of National Bank, at 10.73 (1.23%) of Piraeus, at 4.788 (1.38%) of Eurobank and at 4.726 (0.72%) of Alpha Bank.

A common denominator is the recording of new multi-year "peaks" for all four systemic stocks.

Beyond banks and refineries, orders are targeted in specific blue chips with increased trading in PPC (24.38), Lamda Development (6.92), Allwyn (13.24), Cenergy Holdings (23.60).

From the rest of the board, the shares of Safe Bulkers at 8.42 (4.44%) stand out, in a way... reflexively in view of the upcoming listing of Star Bulk (earlier the shipping company's presentation took place / the subscriptions start the day after tomorrow). The 8.42 euros is the highest price for the share, recalling that the listing (dual listing) took place on June 2 at a price of 5.70 euros.

At 47/65 the stock ratio with positive/negative sign (a little after 15:30).

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