Stock Exchange: The rise widens for banks and blue chips

Above 2,670 points the General Index, with buyers gradually taking more initiatives. GEK Terna and DAA stand out on the board.

Stock Exchange: The rise widens for banks and blue chips

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

The upward trend in the European markets is being maintained, strengthening in the Greek stock exchange.

Oil prices and bond yields are easing, while stock prices are strengthening.

At a dinner Donald Trump- Xi Jinping at the White House, with the US president believing that things had never been going better.

These are taking place during US hours, with the climate on Wall Street improved, as reflected in the 0.45% premium of the S&P500 futures.

At the projection of 7,732.25 points the change for the index is 1.25% positive, on a weekly basis. It remains to be seen also at the "session close" tonight, in New York.

At 25,437 (0.87% ) the DAX is already with a positive change of 0.54% over the course of a week. Likewise for the CAC40 at 8,090 and for the FTSE100 at 10,705 points.

With this climate in the international markets, on the Euronext Athens the long side is taking advantage of it to post a positive "tally" for this week.

Already at 0.52% for the GD at 2,674 points, at 0.47% for the DTR at 3,220 and at 0.41% for the FTSE25 at 6,861 points.

With rather moderate trading and turnover (compared with the monthly average daily turnover). Transactions are at about 22 million shares, 14.7 million in banking shares. Turnover stands at 185 million euros, 32.3 million euros through pre-agreed orders.

First complete cycle, of five sessions, after Friday's historic rebalancing, with market specialists "laying their cards on the table" on Euro2day.gr. Panagiotis Kladis is highly enlightening, regarding the "next day". One of the heads of analysis of the Analysis department at AXIA- Alpha Finance explains details and data to Giorgos Flokas.

With a spectacular return of buyers in the banking sector, the widening of the long trend today. The indications were given in yesterday's session, with the Alpha Bank share as the signal-bearer, and are being confirmed with a significant rise of up to 2.20% today. The DTR is at 3,225 points, with the trend strengthening from 13.30'-13.45' onward, when inflows gradually increased in all four systemic bank shares.

Eurobank (4.723), Piraeus (10.40), National (17.525), Alpha Bank (4.654). Strengthening of purchases, which according to a stockbroker is attributed both to the positive climate during BofA's conference in London, and to the revision of the target price by foreign and domestic houses.

At the same time, however, along with banking stocks, buyers' attention is also focused on shares of PPC, DAA, GEK TERNA, Jumbo, Optima Bank, Metlen, TITAN, Viohalco as well as AKTOR, KRI KRI.

In any case, a standout case is DAA, a topic of discussion in brokerage (but not only) offices, due to the spectacularly increased trading, the many significant block trades (especially in yesterday's session) at continuously higher prices. Up to 12.36 euros the latest orders, a new all-time high for the stock.

Emphatic return of buyers to GEK TERNA, with a rise of 4.35% to 44.14 euros, steady buying in Viohalco (16.90), PPC (23.38), Metlen (48.50), OTE (19.50), among others.

At 66/48 the ratio of stocks with a positive/negative sign, with new highs for shares of Optima Bank, DAA, EXAE, Profile, Interlife, Revoil earlier (at 15.45').

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