Monday's (22/7) session started in mildly bullish territory for the Greek stock market, with investors weighing the withdrawal of Joe Biden from the US presidential race. Despite the dividend reductions of 4+1 listed companies, the domestic market shares the upbeat sentiment of European stock markets.

Specifically, the General Index is up +0.12% to trade at 1,466.08 points, with the high for the day at 1,467.53 points and the low for the day at 1,465.81 points. Selective for yet another day, investors' movements on the board show nervousness to some extent. Despite the bullish start, uncertainty prevails as the stock market is coming off two days of gains. Therefore, profit-taking is considered likely thereafter.

Rich in dividend cuts, today's agenda of the X.A. PPC (EUR 0.25), EYDAP (EUR 0.1), Space Hellas (EUR 0.16), and Athens Medical Group (EUR 0.02) are cutting their dividends in particular, and Ellaktor is trading without the right to a capital return of EUR 0.5 per share. Later in the week, Eurobank (EUR 0.0933) and Alpha Bank (EUR 0.026) follow them. Metlen will reveal the flash note for the second quarter and first half results on Thursday (25/7), ushering in the announcements.

Upbeat sentiment in the banking sector, with Alpha leading the way with +1.5%, Eurobank +0.6%, Piraeus +0.4% and Ethniki +0.75%.

Next to Alpha at the top of the FTSE is Motor Oil at +1.2%, GEK TERNA is up 0.75%, while OPAP, OTE, Coca Cola are slightly up but with small gains of up to +0.45%.

On the contrary, Ellaktor shows -19% due to capital repayment, while PPC moves -1.2% and EYDAP moves -0.85% after their cutbacks. In the lower layers, Attica Bank is limited to -30% and 8.54% with a turnover of more than 150k already in the first half hour, ahead of the approval in Parliament of the merger agreement with Pancreta. Ideal moves +1.4% after the acquisition of 75% of the IT company Bluestream.

Buyers maintain a large lead in the overall picture of the board, where 58 stocks are moving up against 28 down.