Athens Avenue is looking for the tone with which to start the week, with banks under pressure today. Specifically, the General Index is trading at 1,400.8 points with -0.06% and turnover at 6.6 million euros, while 2 million euros have been traded.
The banking index is down 0.6% at 1,178 points, the FTSE is down 0.3% at 3,393 points, while the midcap FTSEM is instead up 0.5% at 2,236 points.
Last week, despite the negative start, the market changed direction after the first two days and, with outperformance of selected blue chips (first and foremost Titan, as well as OPAP and Elvalhalcor), recovered, saving the psychological level of 1,400 points, although it briefly lost the sign at the five-day mark (-0.16%).
After a positive opening, banks are now moving lower, with Alpha and Eurobank at -0.8%, NBG at -0.7%, and Piraeus at -0.25%.
Attempting to give the market a boost is ELHA at +2.1%, having close to parent Biohalco at +1.2%, while ELPE is also up 1.5%. Titan also continues slightly higher at +0.7%, with GEK Terna and Motor Oil around +0.9%. On the other hand, Lambda moves -1% and OPAP, OTE around -0.6%.
In the midcaps, Intralot puts out a 3.3% upside reaction, with Intracom following at +1% and Quest at +1%.