Investors remain on alert in European markets, while their counterparts on the Greek stock market continue to sell.
Pressure in European bond markets is influencing traders from Frankfurt and Paris to Madrid, Milan and Athens.
The negative turn in Wall Street futures helped sustain the selling bias, with S&P 500 futures down 0.08%. The DAX stood at 25,061, down 0.12%, and the CAC 40 at 7,833, down 0.43%. With the EuroStoxx Banks falling 1.23% to 281.63 points, the picture on Euronext Athens was no different.
The mood among investors was evident before the opening bell: they looked set to extend the selling from the previous session, with most orders concentrated in shares of the four systemic banks.
The session opened with the traditional bell for Capital Maritime Finance’s debut, with Alexander Eleftheriadis providing the full report. With a listing price of €7.5, CMF was earlier trading at €7.52.
Bank shares opened with a small gap down, with the Banking Index around 2,589, down 0.54%. Order flow was moderate, as was turnover, while selling remained steady, as did buying at slightly lower levels.
Coca-Cola HBC provided a hedge for long positions amid volatility in the FTSE 25, with the stock extending a spectacular winning streak.
The FTSE 25 stood at 6,625, down 0.48%, as selling in several large caps was being absorbed without much pressure. That was an encouraging sign for those looking for certain shares to stabilise gradually.
National Bank shares stood at €16.17, Piraeus at €9.678, and CMF at €7.52, third in the ranking with 435,000 shares traded shortly before the first hour was up. Alpha Bank stood at €4.214 and Eurobank at €4.397.
Alongside Coca-Cola HBC, buyers were also in the ascendancy in Jumbo (27.06), Lamda (5.94) and PPC (22.50).
The advancers-to-decliners ratio stood at 27 to 74, reflecting the mood taking shape by 11:30.
Trading value totalled €31.6 million, including €5.86 million in two block trades. The larger was 322,000 National Bank shares at €16.02 (at 10:32).