There were significant differences in the picture of the FTSE 25 stocks between the close of the session at 17:00 and the auctions, where the largest volume of block trades passed in the context of the rebalancing and the market upgrade by the FTSE and Stoxx indices.
At 17:00 the total turnover of the 25 stocks amounted to €390.77 million. After the auctions it had reached €4.132 billion. That is, during the auction process approximately €3.741 billion was added.
The biggest change between the two points in time was recorded in DAA. At 17:00 the stock was at €11.17, while after the auctions the price was formed at €12.27. This is an increase of €1.10 or 9.85% during the final process. The stock’s daily change thus shifted from -0.89% at 17:00 to +8.87% at the final close.
On the opposite side, the biggest decline between the two points in time was recorded in Titan. From €49.94 at 17:00, the price fell to €48.30, that is by €1.64 or 3.28%. The daily change moved from +0.73% to -2.58%.
Significant was also the movement of CrediaBank, from €0.961 to €0.990, or +3.02%, with the daily change ultimately coming in at +4.32%, from +1.26% at 17:00.
Allwyn moved in the opposite direction: from €12.675 it fell to €12.30, recording a loss of 2.96% between the two points in time. Its daily change worsened from -0.35% to -3.30%.
Optima Bank strengthened from €13.41 to €13.76, that is by 2.61%, with its daily performance improving from +0.83% to +3.46%.
Elvalhalcor (ELHA) was among the stocks with a noticeable change in the final picture. At 17:00 its price was €3.505, while after the auctions it rose to €3.575. The difference of €0.07 corresponds to an increase of about 2% between the two points in time. As a result, the stock’s daily change ultimately came in at +3.03%, versus +1.01% at 17:00. At the same time, ELHA’s turnover increased from about €1.72 million to €11.98 million.
The movement of Metlen
In Metlen the price moved from €45.04 at 17:00 to €45.66 after the auctions. The change between the two prices was +€0.62 or about +1.38%. This change resulted in the daily decline being limited from -1.70% at 17:00 to -0.35% at the final close, that is by 1.35 percentage points. The stock’s turnover increased from €10.59 million to €69.37 million.
In OTE, the price at 17:00 was €19.30 and after the auctions it was formed at €19.49. The rise between the two points in time was €0.19 or about 0.98%. The daily change improved accordingly from -2.53% to -1.57%, that is by 0.96 percentage points. Much greater was the change in turnover. From €7.33 million at 17:00, transactions reached €117.11 million after the auctions.
PPC was at €24.02 at 17:00 and completed the auction process at €24.18. The final move corresponds to +€0.16 or +0.67%.
The daily loss was limited from -2.67% to -2.03%, that is by 0.64 percentage points.
Turnover, however, was what showed the greatest differentiation: from €37.75 million at 17:00 it surged to €302.70 million at the final close. Therefore, approximately €264.95 million was added in the auctions.
GEK TERNA from €43.02 at 17:00 rose to €43.22 after the auctions. The change was +€0.20 or about +0.46%. At the same time, turnover surged from €9 million to €142.63 million.
The systemic banks: Small moves, huge turnover
The picture in National, Piraeus and Eurobank was particularly characteristic. The final price changes were relatively limited compared with the size of the transactions carried out.
National Bank was at €17.53 at 17:00 and after the auctions closed at €17.50. The daily change was limited from +0.69% to +0.52%. Turnover, by contrast, increased from €64.46 million to €816.54 million.
In Piraeus, the price fell from €10.38 to €10.285. At 17:00 the stock was unchanged (0.00%), while at the final close the daily change came in at -0.92%. Trading value from €62.64 million surged to €655.50 million.
In Eurobank, the price was formed at 17:00 at €4.677 and after the auctions at €4.665, recording a change of -€0.012 or about -0.26%. The daily change moved from +0.02% to -0.24%. Eurobank’s turnover increased from €35.44 million to €616.13 million, with the auctions adding about €580.69 million.
Among the remaining stocks, ELPE moved from €17.10 to €17.46, that is +2.11%, with the daily loss being limited from -6.25% to -4.28%. Their turnover increased from €12.26 million to €58.39 million.
EYDAP rose from €12.30 to €12.48, a change of about +1.46%, while the daily performance moved from -0.49% to +0.97%. Turnover increased from €724 thousand to €15.38 million.
Bank of Cyprus moved from €10.50 to €10.60, that is +0.95%, with the daily change turning from -0.66% to +0.28%. Transactions from €9.96 million rose to €112.04 million.
By contrast, Alpha Bank fell from €4.77 to €4.726, by about 0.92%, while its daily change moved from +0.21% to -0.71%. Its turnover from €57.59 million reached €462.15 million.