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Athens Stock Exchange rebounds as banks drive 1.56% index rise
The Athens Stock Exchange experienced a strong recovery on Monday, with the General Index closing at 2,569.82 points, a 1.56% increase. This rebound follows a recent sell-off and was primarily driven by the banking sector, which saw its index rise by 3.19% to 2,922.77 points.
Major banking gains included Alpha Bank (+4.27%), Eurobank (+3.98%), Piraeus Bank (+3.41%), and Bank of Cyprus (+2.77%). Other notable performers included GEK TERNAs (+3.43%) and Aegean Airlines (+2.93%). Conversely, Allwyn (OPAP) saw the largest decline among blue chips, falling 4.52%.
The market sentiment was further bolstered by S&P Global maintaining Greece’s BBB credit rating with a stable outlook. S&P projections suggest Greece could achieve a primary surplus of 3.8% of GDP by 2026, supported by tax revenues, tourism, and lower unemployment. The agency also forecasts a reduction in public debt to 123% of GDP by 2026 and 107% by 2029.
Entities
Alpha Bank · Athens Stock Exchange · Eurobank · Greece · S&P Global
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] S&P Global predicts a primary surplus of 3.8% of GDP for Greece in 2026. www.protothema.gr
- [○ 1 SOURCE] S&P Global maintained Greece’s credit rating at BBB with a stable outlook. www.protothema.gr
- [● 2 SOURCES] Alpha Bank shares increased by 4.27%. www.energymag.gr · bankwars.gr
- [● 3 SOURCES] The Athens General Index closed at 2,569.82 points, up 1.56%. www.energymag.gr · bankwars.gr · www.protothema.gr
- [● 2 SOURCES] Allwyn (OPAP) shares decreased by 4.52%. www.energymag.gr · bankwars.gr
- [○ 1 SOURCE] Greek public debt is projected to fall to 123% of GDP by 2026. www.protothema.gr
- [○ 1 SOURCE] The Greek economy is expected to have an average annual growth rate of approximately 2.1% between 2026 and 2029. www.protothema.gr
- [● 2 SOURCES] The banking index rose by 3.19% to 2,922.77 points. www.energymag.gr · bankwars.gr