The Athens Stock Exchange experienced a significant surge on Monday, with share prices spiking by 7.11% following the outcome of the Greek elections. The resounding victory of the ruling party in Sunday’s elections has been well received by the market, which views it as the best possible scenario. This outcome is seen as reducing political risk and laying the groundwork for an independent government in the next election, fostering optimism for the recovery of investment grade in the coming months.
At 13:00, the General Share Price Index reached an impressive 1,212.82 points, reflecting the market’s enthusiasm with a substantial jump of 7.11%. Turnover during this period amounted to 186.73 million euros, indicating active trading and investor participation.
Both the large-cap index and the mid-cap index witnessed positive gains. The large-cap index rose by 8.22%, showcasing strong performance among prominent companies, while the mid-cap index displayed a commendable increase of 3.62%.
This news has generated a sense of optimism and renewed confidence among investors, as the election outcome signals stability and a favorable environment for future economic growth. Market participants are eagerly monitoring the situation, anticipating further positive developments and potential opportunities within the Greek market.
