Mixed trends in the European markets, towards 2,700 points for the GI on the Greek stock exchange.
Futures on Wall Street remain at a discount, Crude Oil WTI at $96.304. Brent at $108.517, the DAX at 25,389 (-0.19%), the CAC40 at 8,092 (0.12%) and with the EuroStoxx Banks at 315.39 (-0.14%), on Euronext Athens the longs are differentiating positively, for the time being.
With inflows into banking shares and oil group-refining stocks, the counter move in Athens versus the main European markets.
From the pre-opening session, investors' willingness to proceed with purchases of banking shares had become apparent, while the new significant rise in international oil prices was also reactivating buyers in sector stocks.
In fact, from the start of the session the flow of orders was satisfactory, resulting in an increase in transactions/turnover from the first hour.
With an upward gap, the first orders in banking shares, indicative the "opening" for the DTR from 3,218.76 to reach as high as 3,255.45 points. Earlier at 3,249.09 (1.43%) very close to the "peak" of 3,282.36 points.
Transactions of 20 million shares, with 15 million in banking stocks. Turnover of 180 million euros, with 35 million through pre-agreed orders. Quite a few block trades from the start of the session, the most significant in banking stocks, PPC, Motor Oil, HelleniQ Energy pointed to a repositioning of positions, as we noted in our previous comment.
Excluding the Allwyn share, the trend for FTSE25 shares is clearly long, with buyers prevailing in 18 of the index's constituents.
Eurobank (4.763), National (17.675), PPC (23.58), Piraeus (10.45), Alpha Bank (4.694) the top five in buyers' choices.
Followed by Motor Oil (67.70), Metlen (48.70), HelleniQ Energy (17.94), Bank of Cyprus (10.75), Jumbo (24.88) also with buyers prevailing.
The Allwyn share is a "wedge" in sixth place in the relevant ranking with continuous selling, from 11.64 down to 11.18 euros (-4.44%) as a result of developments in the Brazilian market. Because of these, the downgrade of the target price by Eurobank Equities.
It is interesting that the analysis became known in d.t time along with the announcement that the government is proceeding with the ban on online sports betting and iGaming. Allwyn is active in the Brazilian market through its 36.75% stake in Kaizen Gaming, which operates the Betano brand. Brazil is Betano's largest market.
At 6,834-6,925 points the fluctuation for the FTSE25, with a steadily upward direction, as with inflows the shares of TITAN, Viohalco, Cenergy Holdings, AEGEAN, ElvalHalcor, etc. are also strengthening.
With a rise of 7.52% to 11.44 euros and indeed with increased transactions, the ATHEX share. Despite its outperformance, the FTSEMidCap declines 0.17% to 3,067.93 points (at 14:45').
Shares of Ilyda (4.405), Frigo (0.353), Centric (0.26) stand out from the lower category, and from the total 58 with a positive sign. Versus 57 with a negative one.