European markets are strengthening, with the Greek stock exchange outperforming.
The premium of the S&P500 futures in New York is widening, and in Frankfurt the DAX stands at 25,412 (0.63%), in Paris the CAC40 at 7,880 (0.60%) and in Athens the GD, up 1.53%, is in the area of 2,680 points.
With the banking sector leading, the rise on Euronext Athens, with the return of buyers also evident in all seven stocks of the systemic and non-systemic banks.
With the restoration of buying in shares of European groups as a guide, increased inflows into domestic banking stocks.
The consistently positive fluctuation for the EuroStoxx Banks since the start of the session on the European stock exchanges facilitated investors' moves in Athens. The plus 1.28% at 306.08 points for EuroStoxx Banks provides the "tailwind" for the plus 3.21% at 3,238 points of the DTR.
It is a rule that in our bank-heavy "shallow" stock market, with 68% of the total valuation of systemic banking in "foreign hands," the sector outperforms the European (average), both in upward phases (such as the current one under way) and in downward ones (such as the latest).
Sentiment and trend had become apparent from the pre-opening session, were immediately confirmed by the very first orders, and continued until earlier.
The fluctuation for the DTR has been steadily upward from 3,196 to 3,254 points, taking into account the wide upward gap at the start of the session, and the stabilization at levels higher than 3,240 points. In practical terms this means that those who did not have positions in the sector's stocks and, from the moment they missed the first ones (at comparatively lower prices), had to follow at higher ones. A logical premium that someone who was out of the game has to pay, with whatever that means for the immediately following days.
It is customary for moves of similar fluctuation to yield significantly over a period of 2-4 sessions. It remains to be seen whether this will be confirmed or not, with a possible recording of prices toward 3,280-3,300 points for the DTR.
Transactions of 18.4 million shares, with 13.4 million in banking stocks. Turnover at 153 million euros, with 38.26 million through pre-agreed orders.
Taking into account the composition of transactions in yesterday's session, comparing it with that of the previous week, it could be estimated that we are at the beginning of an upward phase, led by the banking sector. For the time being there are indications; more will be needed in order to have a clearer picture with the horizon of Friday's "close."
In Alpha Bank (4.56), Piraeus (10.516), Eurobank (4.749) and National Bank (17.435) in the first four positions. And with Metlen (49.86), Jumbo (35.12), AKTOR (9.45), PPC (23.26), Allwyn (11.56), Optima Bank (15.62) completing the top ten main choices of buyers.
Buyers are dominant in the majority of large caps, with significant inflows also into Cenergy Holdings (24.60), TITAN (48.36), Viohalco (18.20), Lamda Development (6.16), Credia Bank (0.977), Bank of Cyprus (10.76), EYDAP (12.50), AEGEAN (11.11).
New all-time highs for Optima Bank, multi-year highs for Cenergy Holdings.
Pressure is being recorded on the shares of Helleniq Energy and Motor Oil, due to pressure on oil prices.
The trend in large caps is spreading across a broad part of the board, with 64 stocks rising. Qualco (6.14), EXAE (10.44), ADMIE (4.29), IDEAL holdings (5.49) stand out among the FTSEMidCap stocks. A new all-time high, at 10.82 euros, for the Profile stock.