With sellers having the upper hand in the main European markets, an effort for differentiation in the Greek stock market.
With oil prices heading toward 100 dollars (Brent at $99.38/as of 11.00') and the chances of a new interest rate hike by the ECB strengthening to an almost absolute degree, in Frankfurt, Paris, London sellers are prevailing.
With S&P 500 futures on Wall Street 0.21% lower, the VIX/CBOE steadily rising toward 16 points, the DAX is retreating to 25,886 (-0.47%), the CAC40 to 8,266 (-0.48%) and the FTSE 100 to 10,796 (-0.26%) with a distinct downward bias.
At Euronext Athens, from the pre-opening session the intention of some to try to continue the partial differentiation versus the European markets became apparent, having the share of National Bank as the standard-bearer from the banking sector and the duo of Motor Oil, HelleniQ Energy. Something like a repetition of the tactic followed yesterday, with a comparatively satisfactory result.
From 3,230 the first orders in the DTR, fluctuating between 3,213-3,230 as the session progresses.
At 17.525-17.825 euros the orders in the National Bank share, the only one from the quartet of systemic banks with a positive sign (at 11.20').
At 11.08' a block trade was carried out for 200 thousand shares of Optima Bank at 11.80 euros, with a total value of 2.36 million euros. At the same time with orders at 11.62-11.85 euros, pointing to “strong hands” that have “aspirations” for a renewed approach to 12.35 euros (historically high price).
Up to 64.40 euros the new round of orders in the Motor Oil share, up to 16.59 for HelleniQ Energy. New high for the latter’s stock, which since Goldman Sachs started “coverage” has risen 26%, with the group’s valuation now at 5.081 billion euros.
The discount in banks is wrong, Euroxx estimates with its analysts revising target prices. Meetings of senior executives of the systemic banks (and Bank of Cyprus) with investors are underway, as part of an initiative by Goldman Sachs as Anastasia Papaioannou revealed yesterday.
At 1.92 million shares, transactions in banking stocks, out of a total of 2.67 million shares. Turnover at 25 million euros, shortly before the completion of the first hour, with transactions beyond MOH, HelleniQ Energy also in large caps of Allwyn (13.125), Jumbo (26.62), Coca Cola HBC (52.90), AIA “Eleftherios Venizelos”. Especially for the latter, tomorrow’s announcement of financial figures is being taken into account, as well as the analysts’ briefing on Thursday.
Indeed, in the day-after-tomorrow teleconference the management will also refer to the issue of the mega project expansion, amounting to 1.3 billion euros, with understandable attention from business (but not only) circles.
Qualco at 6.20 with upward momentum lately, IDEAL Holdings at 6.06 euros, Fourlis at 4.115 euros, ADMIE at 4.51 euros, stand out among the FTSE Mid Cap shares. Also due to the upcoming listing of Star Bulk on Euronext Athens, the steady inflows today as well into the share of Safe Bulkers. With a further rise of 1.29% to new all-time highs of 8.61 euros.