Stock market: Buyers’ counterattack brings DG over 850 points

LAST UPDATE 13:01

The profits in the stock market are expanding, which utilizes the climate of general optimism in the international markets and with the buyers having returned dynamically to the forefront, the DG recovers the 850 points and the banking one the 600.

In particular, the DG moves to 854.07 points with an increase of 3.5% and an increased turnover to 40 million euros, the FTSE 25 is strengthened by 3.89% and is at 2,053 points, while an even better course is followed by the barometer index, the banking, which increased by 6.35% to 604.4 points.

The de-escalation of oil prices, which fell below $ 100 after jumping to $ 140 and entered a bear market area, combined with new signs of political convergence between Russia and Ukraine, has brought renewed optimism to world markets. in the last hours.

Wall Street started yesterday, with a jump of 600 points for the Dow Jones and a technological counterattack of almost + 3% on the Nasdaq, the indices in Asia followed today with the Chinese rally, and the Europeans have now taken the baton.

Indicatively, the EuroStoxx 50 is strengthening by almost 3.2%, the French CAC 40 is moving at + 3% and the German DAX has comfortably recovered the 14,000 units (moving to 14,316 with + 2.87%), from where it sees 14,460, exceeding which would mean reversing its short-term trend.

In this climate, the Greek market, after a session yesterday of selective movements with stock picking in the low of the day and anemic turnover, today again tries to overcome with the naked eye in the first phase at 857 points.

From this point the next target becomes the level of 880 units, while on the contrary the situation is complicated if the 800 units are lost, the long-term support is at 780, and as it has been pointed out in recent days, the trend is up after 900 units.

Meanwhile, the decision of the monetary policy committee of the US Federal Reserve is announced today, which is considered a given that it will proceed to increase its interest rates for the first time after 2018, by 25 basis points as geopolitical developments have virtually eliminated the possibility of some more aggressive move.

In the geopolitical field, where the eyes of the whole world are focused, Russian Foreign Minister Lavrov said today that some forms of possible “agreements” between Russia and Ukraine have already begun to take shape, with Kyiv seriously considering the declaration of the Ukrainian state as ” neutral “.

Finally, in the domestic news, Ethniki is now closing the curtain on the results of systemic banks, while Cenergy is also announcing its own figures.

The dashboard image

Banking shares have the reins of the session, with the EIB at + 6.3% as investors discount strong performance, Eurobank at + 5.65%, Alpha at + 5.67% and Piraeus at +4.6 %.

Lambda is at + 4.5%, Viohalko, Aegean and IPTO all above + 3.5%, and PPC is at + 3.3%.

Buyers have returned to both OTE and OPAP, which are supported by more than 3.1% and 2.9% respectively, TERNA Energy is moving by more than 3%, ELPE is strengthened by 3% and Motor Oil by 2.5% .

The index share of Coca Cola is trying to recover the 20 euros with a small increase of 0.6% per hour, Mytilineos is moving at + 2.5%, Elvalhalcor at + 2.45%, GEK TERNA at + 2.2% and Ellactor at + 2.5%.

In the medium capitalization, Intracom deletes yesterday’s losses moving with a rally of 4%, AVAX follows with + 3.5%, Iktinos at + 3.45%, and Profile and Cenergy at + 2.9%, while on the contrary Reds declines by 3.17%.

Of the total stocks traded, 88 are up, only 9 are down and 12 are unchanged.

M. Chachladakis