The banks “reddened” the General Index

The initial gains were lost, with all bank stocks, except Optima, posting losses. Strong profit taking in refineries and shipping companies. Gains for Coca Cola, Viohalco and Metlen.

The banks “reddened” the General Index

This article is an AI translation of an original piece published in Greek. Read original

The easing of oil prices and, to a lesser extent, yields in the bond market, created a climate of euphoria last night on the NYSE, with the technology index Nasdaq completing trading at new all-time highs.

The positive mood was carried over this morning, at clearly milder rates, to the Asian markets, despite the holiday in Japan, while the picture in Europe appears mixed, as it continues to have its own energy problems, ahead of the coming winter.

In contrast to the above, it could be argued that on the ASE, the second session of the week was characterized by alternating signs, as regards the main ASE indices, and by steady trading activity.

It should be noted that even at the day’s lows, significant support to the indices was provided by the permanently positive movement of EEE (+2.99%, coming from three consecutive declining sessions), while VIO (+6.48%), ELHA (+2.68%) and TITC (+0.69%) continued their reaction, and from the banking sector the new all-time high, at closing, for the OPTIMA share stood out (+2.69%).

With Brent below $99/barrel, aggressive profit-taking moves were recorded in ELPE (-4.8%) and MOH (-4.95%).

In the lower “layers” of the board and in the wake of the Hg – Entersoftone deal, with the valuation of the Greek company being formed at just over 1 billion euros, interest appeared to return for the IT sector, where PROF (+3.13%), KOUES (+3.95%) and REALCONS (+2.12%) closed at new all-time highs.

Also on the positive side is the fact that the market is showing satisfactory reflexes and “rewarding” the titles of companies that positively surprise, with the first-half results they announce.

Most professionals in the sector continue to recommend increased caution to active traders, noting that gradually the market will begin to incorporate the increase in political risk into valuations, at a time when the international environment remains volatile and requires heightened reflexes.

Some deal that will give trend and momentum to individual sectors, is what the more optimistic are waiting for, and it remains to be seen whether they will be vindicated, as rumors of business agreements – acquisitions continue to make the rounds of brokerage offices.

“At the same time, the ‘wave’ of rewarding shareholders continues, with an increase in the number of companies participating in cash distributions from this year’s profits, with the estimated size approaching 1.3 billion euros by the end of the year. These figures can limit the ‘aftereffects’ of an ‘imported’ correction, but not suspend a broader reassessment of market risk,” emphasizes Beta Sec.

As regards the first-half results that continue to be announced, analysts point out that “a good half-year is not enough, but visibility is also needed as to whether 2026 profitability can be maintained or revised higher”.

As regards the scheduled announcements of first-half results, today ALMY, ELLAKTOR, publish, tomorrow ADMIE, KRI, LANAK, ASKO, ELTON, AVAX, on Thursday EYDAP, BELA and AKTR, with EYDAP and BELA publishing their figures before the start of the session (the briefing of analysts on EYDAP’s financial results for the first half of 2026 will take place, via teleconference, on Thursday, September 24, 2026 at 15.00), while the week concludes on Friday with the announcements of TRASTOR, VIOKA, INLIF, EYATH, OLTH, ASTAK and EVROF.

Meanwhile, according to the list of the Hellenic Capital Market Commission and as regards net short positions exceeding 0.5%:

AKO Capital LLP remains with a net short position of 1.31857% in the MTLN share, while Qube Research & Technologies Limited has a net short position of 0.89941% in the BYLOT share, a net short position of 0.89324% in the ADMIE title and a net short position of 0.54973% in the CREDIA share.

As of 18/9/2026, JP Morgan Asset Management (UK) Ltd reduced its net short position to 0.47391%, from 0.78284% in the MTLN share.

With mixed signs the major European markets, due to the relative easing of oil prices (Brent is falling below $99/barrel) and, to a lesser extent, yields in the bond market.

More specifically, the yield on the US 2-year note is at 4.74%, on the 10-year at 4.95%. The yield on the 30-year is at 5.28%. The yield on the Greek 10-year note is at 4.20%.

The attention of the markets is also on the upcoming Summit between the American President, Donald Trump, and his Chinese counterpart, Xi Jinping (China’s President, Xi Jinping, will visit the US from September 23 to 25, following an invitation from the American President).

The General Index moved between 2665.07 (-0.41%) and 2697.06 points (+0.79%). At 17.00 it stood at 2674.66 (-0.05%) and completed trading at 2671.5 points, with daily losses of 0.17%.

Turnover at 328.9 million, of which 21.4 million concern pre-agreed transactions (OPTIMA, CENER, AKTR, BYLOT, AEM, INTET, FRLK, PPC, KRI, PEIR, LAVI, ETE, LAMDA, ALPHA, EUROB, BELA), with ALPHA, ETE, EUROB, PEIR accounting for 44% of the total gross trading value.

Of the total turnover of 328.9 million, 303.7 million concern transactions in FTSE 25 shares.

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