From premium to discount the futures on Wall Street, and the DAX from 25,720 to 25,427 points, the CAC40 from 8,199 to 8,138.
Liquidations in European bank stocks, with the EuroStoxx Banks from 319.35 to 315.69 points, with the change in stance of the more short-term players in the Greek stock market being almost reflexive.
Downward, from the outset, the trend for the DTR, but until 11:45 the decline was unfolding without significant pressure. The liquidations came in two phases. Initially until 11:15 and the next until 11:45, periods during which supply was being absorbed at controlled lower prices.
A trend that changed radically when selling/pressure intensified in sector stocks on the main European stock exchanges. Since then, orders have been more pressing and larger, resulting in the DTR now falling more than 2% (2.17%) to 2,138 points. Transactions gradually increased in all four systemic stocks as well, with 10.5 million shares out of a total of 16.5 million shares, with Eurobank at 4.636 (-1.99%), Piraeus at 10.16 (-1.88%), National at 16.95 (-2.45%) and Alpha Bank at 4.51 (-2.63%).
A "wedge" in the quartet of systemic banks is the Motor Oil stock, with continued selling down to 62.25 euros. Already, the correction has reached 6.2% on a weekly basis, resulting in the monthly positive change being reduced to 6.8%. It is obvious that some of the "strong hands" are taking part of their profits, for various reasons. On the contrary, the HelleniQ Energy stock was at 16.99, with a positive sign, until a little earlier (14:45).
The correction after the rebalancing was expected, up to a point, but with a tendency to widen into areas that require attention.
Only four FTSE25 stocks were in positive territory earlier. HelleniQ Energy was one of them, Jumbo at 25.12 euros, AEGEAN at 11.41 euros and Metlen Energy & Metals at 48.66 euros, completing the quartet. Especially for the latter, it should be noted that the long trend in Athens is the result of a similar one in London. One of the explanations, according to a stockbroker, is also the inclusion in the London team of a highly specialized City executive.
In any case, the broader selling stance of several "strong hands" reinforces the assessment of market professionals that the rise before Friday's upgrade/restructuring was the result of anticipatory moves. From the outcome it follows that a significant part of the liquidity had been placed with a short-term horizon, with whatever this could mean at every "turn" of the foreign markets. Especially in phases when sellers dominate in European bank stocks.
The change in trend is evident across the broader board, with 33 stocks rising versus 75 falling. From the previous 54/44 shortly after 11:30.