The Athens Stock Exchange surged to near 14-year highs driven by a strong rally in bank stocks, with Eurobank hitting a 9-year high and Attica Bank jumping 8%. This positive performance contrasted with downward trends in other European markets.
Tag: Athens Stock Exchange
Greek stocks surged by 13.65% in 2024, marking the fourth consecutive year of growth for the Athens Stock Exchange. Led by a 21.14% jump in banking stocks, the general index reached 1,469.67 points. Market activity also saw robust increases, with daily transaction values up 26% and annual turnover exceeding €103 billion.
Metlen Energy & Metals, a £4 billion Greek industrial conglomerate, has announced plans to seek a primary listing on the London Stock Exchange by 2025, marking a significant step in its global expansion. Currently listed in Athens, the company will retain its secondary listing in Greece while targeting international investors. Operating in over 30 countries with 5,000 employees, Metlen’s portfolio includes energy production and aluminium mining, as well as a joint venture on the UK’s Eastern Green Link subsea cable project.
Abu Dhabi Future Energy Company PJSC, known as Masdar, has completed the acquisition of a 70% stake in Greece's TERNA Energy from GEK TERNA and other shareholders, marking the largest transaction in the energy sector in the history of the Athens Stock Exchange.
A wave of over €78 billion in investment has revitalized the Greek economy, fueling a surge in market activity and demonstrating renewed confidence in the country's post-crisis recovery. The Athens Stock Exchange is at the heart of this transformation, with IPOs, acquisitions, and bond issuances driving growth and solidifying Greece's position as an attractive investment destination.
Bank of Cyprus celebrated its return to the Athens Stock Exchange after a seven-year absence, marking a significant milestone for the bank and underscoring the growing strength of the Greek market.
The Bank of Cyprus has received shareholder approval to seek a listing on the Athens Stock Exchange, with a decision expected by September 17. The bank plans to delist from the London Stock Exchange on September 19, aiming to boost its visibility in a more complementary market.
Share prices on the Athens Stock Exchange plummeted by 4.38% at the start of trading on Monday, driven by fears of a U.S. recession. This decline mirrored a broader sell-off in European and international markets, sending the market below 1,400 points. The FTSE/ASE Large Cap index fell by 4.69%, while the FTSE/ASE Mid Cap index dropped by 4.52%.
The Hellenic Financial Stability Fund (HFSF) launched a public offering on Monday to sell up…
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Athens Stock Exchange ended trading on a high on Thursday closing at 731.19 points, rising…