Greek stock market joins world’s leading exchanges after debt crisis
18 Articles
18 Articles
Today's session of the Athens Stock Exchange ended on a positive note, on the first day of implementation of the upgrade of the Greek market to the developed market category by FTSE Russell. Despite the intense intra-session volatility, buyers regained control towards the close, focusing on metallurgical companies and selected banking stocks. The General Index closed at 2,676.02 points, recording a 0.55% increase. The fluctuation was wide, from …
The General Index moved in a range of over 60 points, falling by -1.2% and strengthening by +1.1% during the session - Turnover exceeded 300 million euros
Greek stock market joins world’s leading exchanges after debt crisis
The Greek stock market joined FTSE Russell’s developed-market group on Monday, potentially attracting more international investment, while recent credit rating upgrades reflect the country’s improving public finances.
The large index providers upgraded Greece from an advanced emerging country to an industrial country. From now on, Greek companies will be represented in the Stoxx Europe 600. This is only one of many positive developments that Greece has recently undergone.
The Athens Stock Exchange will be reinstated this Monday in the group of developed markets, with revaluation mainly changing the rules of the game for institutional capital.
Greek stock market returns to developed-market status
Greece’s stock market was officially reclassified as a developed market on Monday, potentially opening it to a broader pool of international investment. FTSE Russell upgraded Greece from an “advanced emerging” market, moving 62 Greek stocks into its developed-market indices. Euronext Athens described the decision as “a major international recognition of the significant progress and structural […]
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