The rise is strong at this time in the Greek stock market, which now “sees” the levels of 1,100 units with claims, with the help from almost the entire board. The general index recorded gains of 2.48% at 1,094.65 points, with the turnover at 54 million euros.
The good news for the market has not only to do with the rise in valuations but also with the significant increase in trading activity which has firmly established itself above €100m, even if it is temporarily coming from specific securities. Thus, the bullish momentum remains strong and is now eyeing the new resistance level located at the 1,100 mark.
The good news from the economy
In any case, the news is also good on the economic front, with the Commission also raising the bar for growth in 2023, where the concern was. Its estimates were slightly improved for Greece, as it now expects 2023 growth to be +1.2%, up from 1% previously, and 2.2% in 2024, up from 2% previously.
At the level of securities now, Aegean, Piraeus, Alpha Bank, Eurobank, Hellenic Petroleum, PPC, Motor Oil, ELHA, National Bank, OTE and Quest are making a strong jump, while Biohalko, Jumbo, Ellaktor, Terna Energy, Autohellas are also in positive territory , Coca Cola, Lambda, Titan and GEK Terna. Small gains are made by EYDAP, Mytileneos, OPAP, Sarantis and Piraeus Port Authority.
Latest News
Bank of Greece Governor Says EU will Retaliate to Trump’s Tarrifs
The Bank of Greece Governor defended the independence of central banks amid criticism from U.S. President-elect Donald Trump, who had publicly commented on Federal Reserve Chair Jerome Powel
September in Greece Winning Tourists Over from US, Germany
Tourists continue to visit Greece off-season into Sept. with the number of inbound travelers up by 6.6% and a 7.9% rise in travel receipts.
Bitcoin Surges Toward $100K Amid Pro-Crypto Optimism in US
According to Reuters, the cryptocurrency surged to an all-time high, briefly exceeding $96,898 during Asian trading hours.
Greek Driver Violations at a Touch of a Button
Traffic offences recorded in the last five years by Greece’s “Driver Behavior Control System” are now available on Gov.gr Wallet
Milan Tops List of Most Expensive Streets, Athens’ Ermou Holds Steady at 15th Place
In Athens, following Ermou Street is the southern suburb of Glyfada and Tsimiski Street in Thessaloniki.
New Gov.gr Service Enables Secure Reporting of Minor-Related Delinquency
It should also be noted that via the recently introduced initiative ‘Safe Youth’ application citizens have access to specially tailored informative material regarding the safety of children and adolescents
Thousands Strike in Athens Over Soaring Living Costs and Stagnant Wages
Inflation, particularly in food prices, has been crushing Greek households
Greece Overhauls Property Valuation System
Greece plans to launch a revamped property value registry in 2025 and overhaul the way objective values are calculated to enhance tax revenue and improve transparency.
Greece’s New Tax Bill Foresees Tax Relief Beyond Big Business
Tax relief measures in Greece are proposed for freelancers, property owners and farmers, along with 'big business'
Unions Call Nationwide Industrial Strike for Wed.
Mass transits are usually affected, especially in the greater Athens-Piraeus area, although bus and metro services are curtailed but not fully halted