Stock Market: Buyers maintain the lead

The General Index is around the 2,650-point mark, with banking stocks maintaining their gains. Rally for Allwyn after developments in Brazil. Gains for Coca Cola, Metlen.

Stock Market: Buyers maintain the lead

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Mixed trends in Europe, steady with a slight lead for buyers in the Greek stock market.

The change in trend in the futures market of New York contributed to the return of buyers in Frankfurt and the containment of sellers in Paris.

From 7,723.25 points for the S&P500 futures, the DAX at 25,260 (0.12%), the CAC40 at 7,838 (-0.72%), with the EuroStoxx Banks having turned positive after 13:30-13:45 (Greece time). At 300.12 (0.70%) the index, around the period of the trend change, the DAX's turnaround confirming the high degree of correlation among the markets. With Wall Street setting the tone.

With this environment abroad, at home buyers are stronger than sellers throughout the session, with stock picking during the first hour of trading expanding to more banking and blue chips.

The DTR at 3,166 (0.99%) from 3,139 points (in the first 10 minutes of the session), the FTSE25 at 6,806 (0.73%) from 6,763 points (roughly in the same period as the DTR).

Initially cautious moves by investors, with satisfactory order flow in specific stocks and turnover of 32.8 million euros in the first hour of trading. The gradual improvement in the picture in Wall Street's futures market, the positive turnaround of EuroStoxx Banks resulted in the intensification of buyers in banking stocks and blue chips. Thus turnover, at 15:00, had reached 134 million euros, with 18 million through pre-agreed orders. Transactions of 16.2 million shares, with 11.52 million in banking stocks.

Most orders remain steadily in the "quartet" of the systemic banks, from the buyers' side in Eurobank (4.635), National Bank (17.025), Alpha Bank (4.481), Piraeus (10.275).

Steadily in the next two positions of the relative ranking are the shares of Allwyn and Metlen Energy & Metals. As a result of developments in Brazil and agreements for gallium, orders up to 11.615 (4.83%) and 49.38 (0.78%) respectively. "A trend is being "built" with the second agreement for gallium," estimate Morgan Stanley analysts, with higher prices strengthening the prospects for the metals sector's EBITDA.

Nearly 700 thousand shares were traded in the Allwyn stock, more than 150 thousand in Metlen.

Sellers are stronger in the stock of GEK TERNA, down to 43.10 euros after their increase over the past two hours.

At 50.80 (1.20%) with increased trading, comparatively, for Coca Cola HBC, at 47.34 euros the orders in TITAN, at 18.19 euros in HelleniQ Energy, at 22.96 in PPC, at the new highs of 15.10 euros in Optima Bank, etc.

PPA at 47.85 euros, Alter Ego Media at 6.60 euros, Qualco at 6.02 and at 1.25 euros ELLAKTOR, stand out from the FTSEMidCap.

At 61/57 the ratio of stocks with positive/negative sign, shortly after 15:00.

 

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