Investors in the Greek stock market are showing a sense of satisfaction with selective movements today, as the General Index hovers around 1,830 points. The domestic market is seeking positive catalysts to maintain its upward momentum.
Systemic banks are currently in the spotlight due to recent significant business developments. Investor focus is also shifting towards today’s ECB interest rate meeting and the situation regarding US tariffs. Caution prevails in the markets as they await announcements from the central bank, particularly regarding expectations for a potential rate cut, as well as comments from Christine Lagarde on the future of ECB monetary policy.
In Thursday’s session (5/6), the Athens Stock Exchange saw the General Index decline by -0.17%, closing at 1,831.76 points. The day’s highest point reached 1,838.80, while the lowest dipped to 1,830.15 points.
Yesterday’s trading volume approached EUR 300 million, with 40% attributed to package transactions, including nearly EUR 100 million tied to the placement of over 5% of GEK TERNA. The stock has shown strong gains today, climbing close to +2% to EUR 19.5, aiming for a 25-year peak of EUR 20. Analysts project further potential, setting targets between EUR 26 and EUR 28.
Athens has experienced two days of cumulative gains at +0.7%, maintaining its position above the 1,800-point mark for the past three weeks. It sits approximately -2.4% below the yearly high of 1,880 points, with the next significant prices dating back 15 years to April 2010. GEK Terna was highlighted yesterday due to the placement of over 5% of its share capital, with eight blocks of 5.229 million shares sold through the exchange at EUR 19 per share, totaling EUR 99.367 million in transactions.
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