With cautious moves by investors, the rise in the European markets continues, with the GD above 2,650 points on the Greek stock exchange.
With S&P 500 futures 0.23% higher, at 7,719.50 points (at 11.30'), in Frankfurt, Paris, London the buyers maintained a steady lead over the sellers.
Already, with the weekly balance positive for DAX, CAC40 and FTSE100, and without substantial developments on the (geo)political front, the possibility is being given for a stabilizing close today. Obviously the crucial issues remain unresolved, however especially traders have the opportunity to complete the week with small gains, in view of the last three September sessions to follow (Monday-Wednesday).
At Euronext Athens, investors have the opportunity to make a first assessment, after what took place last Friday. It was known from the outset that whatever would take place due to the upgrade, rebalancing would require a reasonable amount of time until things balanced out.
From this point of view, the five sessions of this week unfolded more or less as expected by most members of the community. At the same time preparing their forces for October, a month that is sometimes characterized by a significant rise (2022) but also corrections (2024).
Order flow was rather moderate in the first hour of the session, with transactions of 3.38 million shares and turnover of 31.49 million euros. Of these, 2.09 million shares were traded in banking stocks, while the value of transactions through pre-agreed orders stood at 2.34 million euros.
Within the range of 2,643.91-2,659.81 points was the fluctuation for the GD, without tensions (either upward/or downward) but with buyers gradually strengthening their positions. Indicative is the fact that at 11.30' 21 of the 25 FTSE 25 stocks were in positive territory, from 15 in the initial 15-minute period.
Cautious was the tactic, with buy orders up to 2.40%, the largest percentage change (for the Viohalco stock).
With a rise of 0.53%, the DTR was at 3,175 points, with a marginally negative sign for the week.
First in the relevant ranking was the PPC stock with buy orders up to 2.09% higher, at 23.44 euros.
Following are the four systemic bank stocks, all with a buyers' advantage. The Alpha Bank stock remains the standard-bearer at 4.608 euros.
At 6,814 (0.57%) the FTSE 25, also with a marginally negative balance for the week.
Inflows into PPC, OTE, Jumbo, Metlen, GEK TERNA, AKTOR, HelleniQ Energy, ElvalHalcor.
New highs for Optima Bank (14.37), Profile (10.76), EXAE (9.82), Interlife (7.94), Revoil (2.03). Out of a total of 77 stocks rising, versus 25 declining.