Investors are in full swing today, after the Wall Street holiday on Friday. With a short bias for the Nasdaq but long for the DJIA and earlier S&P500 futures pointing to a session opening 0.47% higher, at 7,505 points.
The VIX/CBOE index at 15.81 points, (futures) price for Crude Oil WTI at $68.89, the yield on the US 30-year at 4.977%.
Polling blow for Trump before the Midterm Elections (Nov. 3), but the focus of traders on Wall Street is on the release of the Fed minutes on Thursday.
Earlier, mixed signs in Asian markets, AI in the spotlight, oil lower after the OPEC+ agreement to increase production targets.
With a 0.83% premium the futures of the DAX in Frankfurt, after a 1.34% rise last week. From 25,958 points (according to prices from Deutsche Borse).
With a full “cash register” the start for investors in the Greek stock market, after the 3.59% for the GI at 2,537.27 points. With an upward streak (three sessions) the start of July (and the second half), with Euronext Athens in the top ten markets with the biggest rise, in the first half.
Almost 20% for the GI, with a 24.79% rise for the BBI and 20.37% for the FTSE25, since the beginning of the year. A rise that concerns a broader part of (mainly) large capitalization as well as (secondarily) a significant part of the mid caps. Understandably, a portion of investors and traders are looking in the mid caps for possible (potential) outperformance opportunities, as for some large caps valuations have started to be considered demanding.
The 2025 figures, the first quarter results justify even higher prices, but the selection has become more difficult, more complex. From this perspective, a selection filter can be the comparison of ratios, such as for example how Giorgos Flokas “prices” profitability and low book value, with a significant discount compared to foreign peer companies.
Now Euronext Athens has started to gain depth, as we noted in yesterday’s commentary, the valuation has risen to 187.2 billion while, already, six listed companies exceed 10 billion euros. Coca Cola HBC, Eurobank, National Bank, PPC, Piraeus and Allwyn, with the battle for third place being interesting (more in ECH).
Leading sector, steadily the banking sector, with the BBI outperforming the Eurostoxx Banks, with Fitch upgrading Eurobank, National Bank, but with a stable outlook. As of today, 583,280 new shares of Credia Bank are trading. Targeting the historic highs of 10.95 euros, those holding long positions in Optima Bank.
Alongside the banking sector, a significant share of interest and capital has been won by the energy sector. The undisputed leader is PPC, as with the share capital increase and mainly what followed, the group emerged as a generator of value creation, consequently higher valuation.
“Agreement” of technical and fundamental analysis for higher levels, according to Dr. Panos Dantis, at a time when PPC’s stock has posted a weekly rise of 2.86%, monthly 11.06% and a total of 30.22% for 2026. I remind that the change is 19.32% for the Stoxx Europe 600 Energy
Over time, significant capital inflows into shares of Motor Oil, HelleniQ Energy, GEK TERNA, TITAN, Jumbo, Metlen, as well as AKTOR, Cenergy Holdings, Allwyn, etc. strengthen the long bias for the FTSE25.
With increased trading and for ADMIE, AVAX, ADPS, Sarantis giving “air” to specific mid caps (mainly of the FTSEMidCap index)
From today until Wednesday, subscriptions for the bond of Seanergy (at 4.90%-5.20% the yield range), without the right (to the dividend) today for Fais Holdings (0.155/share), Elton Chemicals (0.065/share). The day after tomorrow, the general meetings of shareholders of Jumbo, AKTOR, on Thursday the extraordinary GM of ElvalHalcor, for the approval of the 250 million share capital increase.