Buyers remained at the helm of the stock market for the third consecutive day, with the outlook upgrade by Scope Ratings acting as a positive catalyst. Banks led the upward effort, while turnover was also at a satisfactory level for the season due to the increased volume of packages. At the same time, the stock market resisted the pressure on euro markets following Donald Trump's assassination attempt.
In particular, in Monday's (15/7) session, the General Index gained 6.24 points or +0.43% and closed at 1,458.52 points. It moved in a range of about 8 points, namely between 1,453.17 (low of the day) and 1,461.81 points (high of the day). Over the last three days, the GD has gained a cumulative +0.98% and this year's return now stands at +12.79%. At the same time, it has renewed its more than one-month high (best close since June 10 at 1,458.84 points).
Investors were selective, with rotation in securities and limited risk appetite. A great deal of mobility was observed today in terms of packaged trades. In Ethniki alone, six packages with a total value of almost 19 million euros passed through the Exchange. All the securities of the systemic banks recorded an increase of more than 1%.
A dynamic rebound for Motor Oil, in an attempt to get out of the bear market, i.e. to reduce -20% from its recent historic highs. Titan also recorded a strong rise, returning near the record high of EUR 32.2. A special mention for Attica Bank, which returned to its "jump" performance as it enters the final stretch of its merger with Pankritia Bank.
Banking rally
Monday's session ended with a +1.41% gain for the banking index, which stood at 1,291.75 points. The FTSE 25 (high cap) gained +0.61% to 3,556.95 points, while the Mid Cap (mid cap), on the other hand, declined -0.37% to 2,310.51 points.
The value of transactions amounted to 102.157 million euros, of which about a quarter, i.e. 26.359 million euros, was related to packages. A total of six packages of approximately 2.4 million shares worth EUR 18.985 million passed through the stock exchange at prices of EUR 7.87, 7.89, 7.94 and 7.942 per share. The market capitalisation stands at EUR 101.281 billion. Positive signs for 52 stocks, negative signs for 54, while 18 stocks remained unchanged.
Eurobank "climbed" by +2.1% to 2.14 euros among the systemic banks, ΝΒG (+1.3% to 7.972 euros), Piraeus (+1.29% to 3.776 euros), and Alpha Bank (+1.19% to 1.7 euros), in that order (close to multi-year highs).
In the high capitalization, Motor Oil recovered +2.48% to close at 23.18 euros. Titan was up +2.1% and 31.6 euros. Jumbo (+1.26% to 25.66 euros) and Hellaktor (+1.15% to 2.63 euros) closed with gains of more than +1%, while PPC, on the other hand, retreated by -1.11% to 11.62 euros.
In the mid-cap sector, EYATH "climbed" by +4.33% to 3.37 euros. Plastic Thrace (+1.57% at EUR 3.89), PPA (+1.31% at EUR 27.05) and Intracom Holdings (+1.17% at EUR 3.46) followed with strong gains. The opposite was true for ADMIE (-1.95% at EUR 2.265), Intralot (-1.57% at EUR 1.256) and Optima Bank (-1% at EUR 11.9).
Attica Bank also remained in a state of intense changes today. In particular, it recorded a "jump" of +8.59% to 13.9 euros, as the extension granted for the final agreement "blurs" the landscape regarding the completion of the merger with Pancretia and the creation of the fifth banking pole.
