Sellers take the lead on the Stock Exchange, pressure on banks, blue chips

Bank shares are under pressure. Motor Oil is declining, while HelleniQ Energy is rising. Gains for Metlen, as well as technology companies. New highs for Profile and Interlife.

Sellers take the lead on the Stock Exchange, pressure on banks, blue chips

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

Investor moves in the European markets are positive, while in the Greek stock market they are negative.

The futures of the S&P 500 in New York remain steadily at a premium, with the DAX slightly up at 25,592 points, and the CAC40 up more at 8,185 points.

Investors in Euronext Athens are moving in a different direction as the restructuring of positions continues, for a third consecutive session after Friday's rebalancing.

From the pre-opening session, investors' intention for further partial profit-taking, rolling over other positions and preserving strength at levels around 2,660-2,670 points for the GD became apparent.

The first orders in bank shares and specifically blue chips came from slightly lower prices, with the result that the DTR fell from 3,204 to 3,176, while the FTSE 25 moved from 6,841 to 6,804 points.

Within technically acceptable limits is the correction for the two indices, with the short-term direction downward (over the course of a week) but without invalidating the medium-term (monthly) trend, for the time being. This likely strengthens the possibility of a further controlled slide toward Friday's “close.” Or in any case for as long as the rearrangement of positions requires. A process that was more or less expected by the majority of the community's members.

With sellers prevailing in all four systemic banks' shares. Continuation of liquidations in specific “front-line” blue chips, continuation of inflows into others of the same category. Trends indicative of the tactical rearrangement being followed by several investors.

In the share of Motor Oil the highest trading value, ranking first in the relevant list, with orders in the range of 64.05-62.25 euros. Taking into account the orders from buyers in HelleniQ Energy, brokers consider the correction in MOH to be the result of profit taking. Transactions in HelleniQ Energy were at 16.91-17.10 euros.

Third consecutive session with inflows into the share of Metlen, in the range of 48-48.40 euros, continuing also in PPC (23.84), Viohalco (17.48), ElvalHalcor (3.855), AEGEAN (11.56). With buyers prevailing in Cenergy Holdings (23.26), Allwyn (12.335).

The GD moved in the range of 2,656-2,688 points, with turnover at 24.8 million euros, transactions of 2.92 million shares and the ratio of shares with a positive/negative sign at 54/44.

Alumil (5.95), Sarantis (12.80), Thrace Plastics (5.32), IDEAL Holdings (5.80), Profile (10.66), Interlife (7.74) with the last two at new highs.

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