An attempt at a rebound is underway, after yesterday’s strong correction. From Frankfurt and Paris to London and Athens, investors’ intention to rebalance is evident.
An undertaking facilitated by the improved situation in the oil and bond markets, where the mood for de-escalation, after Thursday’s crisis, is evident.
Brent at around $100, Brent at $89.703, WTI, the US 10-year at 5.248%, the VIX/CBOE at 16.18 points and S&P 500 futures 0.48% higher at 7,705 points. Awaiting the announcement of economic data taken into account by Fed members.
At 25,065 points (0.57%) the DAX, at 7,837 (0.07%) the CAC 40, at 10,438 (0.09%) the FTSE 100.
With the EuroStoxx Banks at 297.04 points (-0.50%), at Euronext Athens sellers have a slight edge in the banking sector. With a small “tail” of sell orders from yesterday’s session, as we mentioned in our pre-opening comment, the DTR is moving in the range of 3,200-3,226 points. With the 3,200-point area in focus, it is of interest whether it could be confirmed as support at the week’s “close”.
The change for the DTR is at +0.72% on a weekly basis, but comparatively in the red for the first two sessions of October.
Today as well, the main part of trading is taking place in bank shares, indicative of the fact that shortly before the completion of the first hour, out of a total of 8.2 million shares, 6.9 million shares had been traded in Eurobank (4.725), Piraeus (10.625), National (17.165), Alpha Bank (4.642).
Initially with sellers having the advantage in all four, gradually after 11:00 buyers became stronger in Eurobank, National.
Trading value at 59 million euros, with 8.4 million euros through pre-agreed orders (the most significant in Eurobank, NBG).
With a visible increase in trading in the share of Metlen Energy & Metals, after some time in fifth place in the relevant ranking.
In the range of 48.92-49.44 euros, with the 50-euro resistance area being technically critical. The concentration of forces is evident, possibly in the context of an attempt to break through that resistance.
With sellers stronger in the shares of Motor Oil, HelleniQ Energy at 67.80 and 18 euros respectively, with CHAMaileon referring yesterday to sales by insiders (in MOH).
With inflows in all three group shares: Viohalco (17.96), ElvalHalcor (3.84), Cenergy Holdings (24.06).
At 25.24 euros, the share of Jumbo, one of the positive exceptions in yesterday’s mini “sell-off”, with the extraordinary profit distribution acting as a “cushion”. At 19.32 euros the share of OTE, at 43.10 that of GEK TERNA, at 12.47 that of DAA, at 11.20 that of AEGEAN.
Alter Ego Media (6.84), EXAE (10.88), IDEAL Holdings (5.54), Sarantis (11.68) among the FTSEMidCap shares with gains.
New all-time highs for the share of AEM, with orders in the range of 6.80-6.88 euros.
At 54/49 the ratio of shares with a positive/negative sign, upon completion of the first hour.