of Manos Hachladakis
In a limited range, Athens Avenue proceeded with PPC's strong rise to contain the fall of the General Index.
In particular, the DG moved permanently with a negative sign and closed on its low day 2. 348,45 units with -0,91%.
The banking index corrected by -2,47% THE 2,667,78 units, the FTSE of high capitalization retreated against 1,01% THE 5,959,19 mon. and the midfield FTSEM recorded imperceptible losses 0,07% THE 3.081,23 m.
The jiros ejected in EUR 438,82 million with more than half of PPC, while 92.95m euros concerned 38 packages of which 13 were also in PPC for 43.1m (2 in Eurobank for 25.5m, 5 in Piraeus for 14m). The volume of trade, respectively, amounted to 45,75 million pieces.
In the general picture of the meeting, investors appeared to exploit international nervousness after the new exacerbation in the Middle East in order to lock some profits from the upcoming six-day period and redirect them to the – safe investment shelter as shown – PPC.
From there on, sellers focused rather on banks, given the overperformance they had since the completion of the PMC by releasing the market more widely (DTP + 10.3% at this time, against +7.2% of the DG), but with losses remaining restrained.
During the last hour of the transactions there was even an attempt to remove from their low day, "showing" probably to investors who continue looking for good entry points, however this eventually opened up more appetite to get more bid on the dashboard.
However, the main issue of the day, which largely defined the trend within and outside the border, was the resurgence of tension in the Middle East, as the US proceeded to new blows against Iran and Tehran responded by firing missiles into Kuwait.
At market level, however, the reaction to the new acidification was moderate, both in oil (small rise) and shares (limited fall) suggesting that investors continue to invoice the scenario in which a peace agreement (with Ormuz open) will arise sooner or later. However, the time at which it will eventually emerge and its content will judge a great deal about the margins that the shares will have in the near future. Of course there is also the possibility that there will be no (or late features) that would completely reconstruct the current landscape.
Moves on the dashboard
The turnover in PPC referred to rebalancing reaching 220.2m euros, i.e. more than half of the meeting.
At the same time, against the climate of the day the title value was ejected to 21.98 euros with a 4.67% jump.
Major support to the DG was also provided by Cenergy (8.7 million) to +2.8% with its parent Biocoal (3.7 million) to +2.48%.
I drank upwards both refineries with the background of increased oil prices. Motor Oil (4.9 million) with +0.89% and Helleniq Energy (1.3 million) at +0.69%.
The sellers targeted mainly the banks (a turnover of 124.6 million in the DTP) with Eurobank (41 million) taking a dive of 4.19% at 3.80 euros, mainly due to a sharp sinking of the auctions.
Piraeus also withdrew to 8.95 euros with -1.06%.
Aggregately in PPC, Eurobank and Piraeus became a turnover of 303m euros, i.e. about 70% of the day.
The EIB (18.7 million) closed at 14,72 with -2.65% and Alpha (18.4 million) at 3.78 with -2.80%.
Allwyn (11.2 million) with -3.08% at 12.25, Jumbo (10.4 million) with -2.55%, GEK TERNA (10.4 million) with -2.23% and ELCHA (1.5 million) with -2.15%.
In mid caps, he singled out the Krie rally (553 km) to 26.35 euros with +5.8%, while Avax (1.1 million) rose 1.1%.
On the other hand, Alter Ego (494 km) completed at -3.48% and Profile (196 km) at -2.21%.
A total of 53 titles were closed with a positive sign, against 74 dropouts (72 unchanged).
The image internationally
Although on an upward slope today, oil prices remain below $100 a barrel.
Brent at $96.3 with +2.2% and American WTI at $90.6 with +2.5%.
Upward trends are also showing European gas, at EUR 48.1 per megawatt hour with +3.7%.
In the shares, Wall Street indicators record minor losses after a marginal profit meeting yesterday (up to +0.35% Dow Jones).
Dow at -0.2%, S&P 500 around the unchanged and Nasdaq at -0.1%, in the first half-hour.
In Europe sellers have a steady lead since morning, but without expanding.
German DAX at -0.8%, French CAC 40 at -0.6%, British FTSE 100 at -1%, Spanish IBEX 35 at -0.65% and the pan-European high capitalization of Stoxx 50 at -0.6%, while Italian FTSE MIB is differentiated by +0.2%.
In the bond market, yields are now only marginally rising. The ten-year US at 4.48%, the German title at 2.98% and the French at 3.60%, with the Greek at 3.65%.
Finally, metals continue to slide. Gold at $4.450 an ounce at minus 0.7% and silver at $73.5 at minus 1.8%. .
