Stock market: Strong rally over 4% amid global optimism

LAST UPDATE 14:52

With buyers returning to the forefront, the Athens market is targeting 860 points, jumping more than 4%, as the general optimism about Russia-Ukraine talks restores global investment sentiment leading to strong international gains. stock market indices.

In particular, the DG is moving at 860.38 points with an increase of 4.3% and an increased turnover of 65 million euros, the FTSE 25 is strengthening by 4.77% and is at 2,070 points, while the barometer index of the latter is even better. space, the banking, which recorded a rally of 7.79% at 612.64 points.

After a day of international nervousness yesterday, Wall Street gave a signal to rise with a jump of 600 points for the Dow Jones and a technological counterattack + 2.9% on the Nasdaq, Asian markets took the baton with a rally in Chinese indices and Europeans follow in feet, with the Greek market one step ahead.

Indicatively, the German DAX strengthens by 3% to 14,342 points and is now looking at the resistance of 14,460 points, the overcoming of which will mean a reversal of the downward short-term trend, the French CAC 40 is at 6,567 points with + 3.3% and the pan-European high capitalization of the EuroStoxx 50 rose 3.5% to 3,867 points.

At the same time, the futures of the American market point to another strong opening, with gains exceeding 1% for all three key indicators.

The developments in the Ukrainian crisis, where the eyes of the whole planet are focused, play a catalytic role in the current movement of the markets, with the indications of finding a compromise solution multiplying.

Russian Foreign Minister Lavrov initially said today that some forms of possible “agreements” had already begun to take shape. significant progress in the talks between the two warring states.

In the same context, energy prices show signs of stabilization, with oil still hovering below $ 100 today. $ 140.

In this climate, the Greek market, after a session yesterday of selective moves with stock picking in the low of the day and anemic turnover, today again tries to overcome and with a guide for another meeting of the banking sector has already overcome the first short-term resistance of 857 units, from where it now looks at the 880.

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.

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 are in the reins of the session, with the EIB holding a rally of 8.2% as investors anticipate strong performance, Eurobank follows at + 7.9%, Alpha moves at + 7.1% and Piraeus at + 5.7%.

Buyers have returned to the index-weighted OTE, which is strengthening over 5.7%, TERNA Energy is moving at + 6.2%, Aegean at + 5%, while Quest is recording + 9.95%, albeit with a lower turnover.

Lambda, Titanas, Viohalko and PPC are all strengthening above + 4%, MIG is at + 3.9%, Motor Oil at + 3.6%, IPTO at + 3.5%, and OPAP at + 3.4%.

Mytilineos is moving at + 2.6%, Elvalhalkor at + 2.5%, Ellactor at + 2.2%, while Coca Cola is unable to follow with + 0.18%, but the total of the high capitalization in positive ground

In the middle capitalization, Intracom deletes yesterday’s losses, moving with a rally of 4.5%, AVAX follows with + 4.4%, Iktinos is at + 4%, and Epsilon at + 3.8%.

Of the total stocks traded, 96 are up, just 13 are down and 11 are unchanged.

M. Chachladakis