LAST INFORMATION 14:00
of Manos Hachladakis
Constantly upward but within a limited range of variations moves the Athens market, seeking to recover the level of 2,500 units after a correctional weekend that escalated yesterday with intense pressure due to the new ignition in the Middle East.
In particular, the General Index is negotiated at 2,500 Mon. With +0.5% and the turnover at EUR 97 million, 17.4 million pieces have been moved.
The banking index is increased by 1.3% to 2,832 units and the FTSE of high capitalization moves at 6,350 units. with +0.6%, while the middle FTSEM retreats to 3,154 units with -0.3%.
After a fall-out weekend in which the DG lost 73 units, under pressure from yesterday (-2.14%), buyers show a willingness to return to the lowest valuations in several titles , although the situation in the Middle East remains at least uncertain after The US moved on last night to new blows against Iran.
Essentially at this stage the Washington – Tehran truce seems to have collapsed (as D. Trump said yesterday and saying that "I think it is over"), but for the time being it does not seem like the mood by either side to radically escalate the confrontation. That is, with some action involving the Straits of Hormuz – either new closure from Iran or new naval blockade from the US.
This is also indicated by the pricing on the oil market, with Brent moving today with volatility but basically stabilising, after a 5% jump yesterday.
In this climate this morning the indicators in Asia moved slightly higher, the Europeans are on positive ground and the futures of Wall Street have a mild upward slope, with Athens Avenue also being harmonised with the wider trend.
Moves on the dashboard
Investor movements seem to be more "targeted" as time goes by, focusing mainly on banks.
In the systemic, which has the largest trading activity, the EIB leads by +2.1% at 15.5 euros, while Piraeus is boosted by 0.7% and Eurobank and Alpha by 0.5%.
Cyprus is rising 1.3%, with Credia at +0.7% and Optima at +0.5%.
Note that Fitch sees positive prospects for Greek banks, having upgraded the assessment of Greece's operational environment to "bbb" with stable prospects.
At the top of the 25th is now moving Motor Oil with a 3.6% jump, while Helleniq Energy is boosted by 1.8%, receiving support from both the increased prices of the argon.
EYDAP is also moving strongly with +3% at 12.4 euros, while the smaller EPAP is rising 1.3% with increased turnover over 370 thousand euros.
On the other hand, sellers mainly focus on Titan with -2% and AKTOR, Biocoal, ELHA that all subside over 1%.
In mid caps IPTO further retreats to 4.48 euros with -0.9%, while ABax is marginally up to 3.74.
In the lower strata, after a ferocious five-day rally 46% that escalated yesterday (+15.9%) SIDA is currently moving stabilisingly remaining at 2.70 euros but with increased turnover over 132 mm.
The total of the table 63 titles move upwards, against 61 pitchers.
The image internationally
Oil prices move by alternating but within moderate changes.
Brent now at $78.6 a barrel with 0.8% and American WTI at 74 dollars with +1.2%.
European gas also moves up to EUR 49.7 with +1.2%.
In stock, Wall Street index contracts show a small lead of buyers in technology, after one day yesterday with losses of 1.1% for Dow Jones but minor changes for the other two (S&P 500–0.28% and Nasdaq +0.2%).
Dow Jones' futures at -0.15%, S&P 500 at +0.1% and Nasdaq at +0.5%.
In Europe buyers are returning cautiously to most dashboards. German DAX at +0.2%, French CAC 40 at +0.25%, British FTSE 100 at -0.7%, Italian FTSE MIB at +0.7%, Spanish IBEX 35 at +1.2% and the pan-European high capitalization of Stoxx 50 at +0.55%.
In the bond market returns are recorded a slight decline in yields from the strongly increased levels where they were found yesterday. The ten-year US at 4.58%, the German title at 3.07% and the French at 3.88%, with the Greek at 3.76%.
Finally, recovery trends also show the metals. Gold at $4,105 an ounce with +0.5% and silver at $59.2 with +1%.
