Stock Exchange: Rally over 3% with Ukrainian air brings 890 units

LAST UPDATE 15:56

The atmosphere of general optimism that prevails in the European stock markets follows the Athens market, after the news that Russia “freezes” its attack to give space to the negotiations.

In particular, the DG is now moving at 890.8 points with a jump of 3.34% and a turnover of 64.7 million euros, while in the last hour it has been successively high.

Similarly, the FTSE 25 is trading at 3.7%, moving to 2,165 points, as is the banking, which is up 4.6% to 656 points.

The war in Ukraine has recently shown that it determines the trend of the world markets and to a greater extent those of Europe, something that is confirmed once again as the positive news pushes the indices to a rally.

In the main news of the day, after the completion of the new round of Russia-Ukraine negotiations, this time in Turkey, Moscow announced that it is “drastically reducing its military activity” in Kyiv and Chernihiv, in the first possible substantial de-escalation of moment it began its invasion.

In this climate, the Greek stock market seems to regain confidence that will give it a boost to return to the first phase at 900 points, while it is characteristic that in contrast to the recent period, it is not the banks that are leading the rise, but the blue chips in general.

In any case, of course, the banking sector continues to rise steadily, against the background of the positive messages it receives daily from investment houses, most recently S&P Global Ratings yesterday which gave a significant vote of confidence considering that the four Greek systemic banks are expected to improve their profitability this year. due to the continued strengthening of their balance sheet.

On the European charts profits are expanding and the German DAX is now strengthening by 3.14%, the French CAC 40 is moving at + 3.3% as well as the pan-European Stoxx 50 at + 3.2%, while the Wall Street futures are strengthening their upward trends.

Characteristic of the climate is that the VIX volatility index, the so-called fear index of the American market, has now fallen below 20 points, moving to its lowest level long before the start of the war on January 14.

At the same time, oil prices are plunging more than 4% while gold is falling for the third consecutive session, with losses of up to 2%, which confirms the enhanced risk-taking position internationally.

On the board

At the center of the markets are Coca Cola and PPC with a jump of 6.36% and 6.7% each, followed by OTE and Sarantis at + 4.2%.

In the banks, Alpha has taken the reins with a rally of 3.8%, Ethniki is at + 2.2%, Eurobank at + 2.4% and Piraeus at + 2.7%.

In the rest of the non-banking blue chips, Motor Oil moves to + 3.5%, Aegean + 2.9%, IPTO + 2.27%, Titanas + 2.3%, TERNA Energy + 2.2% and ELVALHALCOR at + 2.8%.

It is characteristic that on the 25th no title moves with a negative sign anymore.

In the medium capitalization, Cenergy counters with a jump of 4.78, Intracom is at + 3.44% and Plastics Thrace at + 2.8%, while only two titles are on negative ground (Entersoft -0.4% and Technical Olympic at -2.65%).

Of the total shares, 81 are up against 19 down, while 13 are flat.

M. Chachladakis