Traded shares on the Athens Stock Exchange (ATHEX) on Monday reached a nine-year high, with investors reacting very positively to New Democracy (ND) party’s landslide election victory a day earlier.
According to market watchers, Sunday’s result reduced political risk in the country, even though a repeat ballot will be probably held in late June or early July, while judged as facilitating a forthcoming upgrade of Greek debt with an investment grade rating this year.
The general index gained 6.09 percent, and closed at 1,201.32 points, the highest level since July 28, 2014.
The Large Cap index was boosted by 6.95 percent and the Mid Cap index was up by 3.85 percent. Turnover was a noteworthy 360.22 million euros in volume, dramatically increased from previous sessions.
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EU citizens are eager to vote in the upcoming elections for the European Parliament in June, with eight in 10 saying the current geopolitical situation makes voting imperative
Mitsotakis-Erdogan Meeting in Ankara Fixed for May 13
The Greek PM himself made the announcement from Brussels on Thursday, while he also responded to a question on Athens' intent to create a marine park in the central Aegean, an environmental initiative
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Reuters: Greek Economy Surges After Decade of Pain
Nevertheless, the article also highlights some of the challenges facing the country, with a falling birthrate and labor shortages posing a threat to the long-term outlook
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