Oil prices are falling, while share prices are rising.
Brent is at $104.771, the DAX at 25,336 (0.27%) and the CAC 40 at 7,845 (0.15%). Zelensky’s message was that we have stopped strikes on Russian refineries, while France’s 10-year yield stands at 4.828% as investors hedge across their various positions.
Their moves are largely short-term, justified by heightened volatility across interconnected markets, with attention gradually turning to quarterly results as well.
On Wall Street, JPMC, Wells Fargo and Citi kick off proceedings today, while S&P 500 futures remain firmly at a discount.
Investors are cautious in Frankfurt and Paris, but buyers are in control of the session on the Greek stock market, with the Euro Stoxx Banks at 295.85 (0.57%).
The banking sector is leading the way, as shown by trading activity, turnover and the composition of orders. Of a total 19.9 million shares traded, 13.05 million were in bank stocks, as the Greek banking index continued to move modestly higher. The index rose to 3,068 points from 3,030, with buy orders strengthening from 11:15-11:30 onwards.
Inflows were also recorded in most blue chips, with the FTSE 25 moving in line with the banking index.
The FTSE 25 rose from 6,638 to 6,702 points, with Motor Oil and HelleniQ Energy attracting fresh buying alongside other large caps. Over the same period, targeted orders drove spectacular outperformance in certain index constituents.
Turnover stood at €150 million, of which €44.8 million came through pre-arranged trades. For another session, a significant share of trading was conducted through block trades, which a broker said pointed to an ongoing reshuffling of positions among various funds.
Alpha Bank shares stood at 4.319 (2.27%), as management presented the group’s new identity, with Vassilis Psaltis announcing, among other things, a support programme for employees who are parents and a guaranteed minimum salary of €2,300 for financial advisers.
Eurobank shares stood at 4.504 (1.33%) and Piraeus at 9.84 (0.99%), while Allwyn at 12.41 (0.08%) and Motor Oil at 68 (1.80%) rounded out the top five. They were followed by National Bank at 16.49 (1.45%), HelleniQ Energy (2.76%), PPC at 22.50 (0.45%), Optima Bank at 14.82 (2.27%) and Credia Bank at 0.938 (0.84%).
Sellers were in the ascendancy in OTE (19.31), Metlen (48.54), AEGEAN (10.93), AIA (12.03) and GEK TERNA (40.82).
EYDAP shares staged a spectacular reversal, with significant buy orders emerging after an initial low of €12.24, taking the price as high as €13.44 earlier. That was a new high, with trading picking up to 142,000 shares (at 15:10); a broker attributed the buying to “strong hands”. EYATH shares also rose, from €4.11 towards €4.435, with trading also higher than usual for the stock.
IDEAL Holdings, at 5.41 (3.24%) in a rebound from a three-year low, Alter Ego Media at 6.57% (1.70%) and Intracom Holdings at 2.95 (0.52%) were among the FTSE Mid Cap shares standing out.
Advancers outnumbered decliners 56 to 57 at 15:15