Investor moves in European markets are positive, with blue chips supporting the efforts of the longs in the Greek stock market.
Continuous trend reversals in the futures market of New York, correspondingly affecting the stance of the more short-term players in Frankfurt and Paris.
S&P500 futures fluctuating in a W formation, in the range of 7,747-7,780 points, as a result of investors' mixed intentions on Wall Street.
DAX at 25,710 from 25,425 points, fluctuating from 25,572 (opening), with CAC40 almost identical at 8,192 from 8,117 points.
At Euronext Athens investors followed their counterparts in the European stock markets, with a delay of 15'-20', and after until 11.40' quite a few transactions had taken place at prices lower down to 2,665.07 points. Day's low for the GI, which so far has ranged from 2,677.09 to 2,665.07 and from 11.45' gradually towards 2,697.08 points.
With transactions of 15.05 million shares, of which 8.98 million were in banking stocks. With turnover of 139 million euros, with only 11.11 million through pre-agreed orders.
Until earlier (14.50') the course of the session points to a partial rearrangement of positions, to a small extent as a continuation of Friday in "locking in" individual holdings, strengthening others and limited-scale "profit-taking". The investors' tactic is more or less expected, on the second day after Friday's rebalancing.
Judging by yesterday's inflows into specific "front-line" blue chips, it could be considered that the "tail" of transactions from the restructuring is being carried out these days.
Apparent yesterday Monday, even more apparent today Tuesday, with the most indicative cases being PPC, Metlen Energy & Metals, TITAN, GEK TERNA as well as Optima Bank, ElvalHalcor, Viohalco etc. In practice, the main part of the orders was indeed carried out on Friday, however a sufficient amount continues to be done Monday-Tuesday, possibly in the sessions that follow through Friday. This explains the fact that, for example, in Metlen the increased transactions are taking place with the price rising, from 45.46 (Monday's intraday low).
In Piraeus and National the change in the balance between sellers and buyers, resulting for the former in the price strengthening from 10.305 to 10.58 euros, and a little earlier at 10.47 (0.29%). Correspondingly for the latter, from 17.15 to 17.565 and a little earlier at 17.515 (0.43%).
Steady inflows into PPC (24.10), Metlen (48.06), continuation at an aggressive pace in Viohalco ( 17.14) and Cenergy Holdings (23.20), ElvalHalcor (3.82) as well as in TITAN (49.40), GEK TERNA (43.30), OTE (19.66). Full return of buyers in Coca Cola HBC at 51.80 with 3.19%
Meanwhile, it became known that JPMorgan Asset Management reduced its short positions in Metlen to 0.47391% from 0.78284% on September 18. The reduction represents 443,087 shares.
New highs for Optima Bank (14.18), Quest (7.86), EXAE (9.70), Interlife (7.68), Profile (10.45), Real Cons. (8.50) after a rise, and indicatively from 67/52 in positive territory.
Revoil (1.96), Thrace Plastics (5.27), Space (9.20), Ideal Holdings (5.75) etc. also among the 67 with gains.