Stock Exchange: New pressures on banks and blue chips

Below 2,630 points the GD with losses of more than 1% in the banking sector, Optima the positive exception. OTE, Aegean, Helleniq Energy in positive territory, large "block" in GEK Terna.

Stock Exchange: New pressures on banks and blue chips

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

With small losses the opening and the first hour of the session in the European markets, with a small "tail" of selling mainly in banking stocks the test of 2,650 points on the Greek stock exchange.

Without substantial changes the situation in international markets, with Brent prices at 103 plus euros, the yield on the US 30-year at 5.412%, the VIX/CBOE at 105.84 points and S&P500 futures at a marginal discount.

At 25,386 (-0.10%) the DAX, at 8,118 (-0.185) the CAC40 and with the EuroStoxx Banks at 314.41 (-0.15%) the slope for the DTR toward 3,110 points is considered normal.

Given the small "tail" of liquidations in all four systemic stocks as well, the development in the half-hour could not have been different. Careful buying up in the shares of Eurobank, National, Piraeus and Alpha Bank.

However, the pre-agreed order for 172 thousand shares of GEK TERNA at 43.2133 euros (at 10.45') with a total value of 7.41 million euros was the subject of commentary by market participants. This is because in the underlying market the orders, in the same period, were being executed in the range of 42.20-42.60 euros.

At 28.92 million the value of transactions in the half-hour, including the block in GEK TERNA. At 2.58 million shares the trading volume, with nearly half in the banking sector.

With sellers dominant in Eurobank (4.57), NBG (16.82), Alpha Bank (4.499), Piraeus (10.115) with supply being absorbed without particular pressure, as we mentioned. At 14.02-14.10 euros the orders in the Optima Bank share, after the UBS analysis that begins "coverage" of the stock, with a target price of 16 euros.

Inflows into the shares of Motor Oil (66.20), HelleniQ Energy (17.59) continuing from yesterday's, and in sync with the trend taking shape in the European markets.

At 12.11 euros the Allwyn share, at 19.55 for OTE, at 51.50 for Coca Cola HBC, at 11.45 for DAA.

The advantage of sellers in large caps is distinct, the FTSE25 at 6,750 from 6,796 points, on a normal slope.

Only 3 of the 20 FTSEMidCap stocks with a positive sign, namely KRI KRI (31.30), IDEAL Holdings (5.76), EXAE (9.62). Of the total 34 with a positive sign at 11.15' , versus 56 with a negative one

v
Privacy