Greek Stock Market Gains Strong Backing from International Investors

The Euronext Athens exchange is displaying a clear bull‑market pattern. Analysts from Goldman Sachs, JP Morgan, HSBC, Bank of America and other foreign houses have upgraded their outlook, labeling Greek equities “overweight” and raising the target level for the benchmark index from 2,500 to 2,600 points. The market has risen about 22 % since the start of the year and is up roughly 37 % on a 12‑month basis, supported by a favorable macro‑economic environment, falling inflation, disciplined public‑finances and solid earnings growth forecasts (EPS expected to rise 12 % in 2026‑27). Valuation metrics show a price‑to‑earnings ratio near 10.5×, price‑to‑book around 1.5× and a dividend yield of about 4.8 %.

International ratings agencies are also moving positively. MSCI plans to reclassify Greece as a developed market by 2027, and inclusion of Greek stocks in the Euro STOXX index could channel up to $1 billion of passive inflows. Fitch has lifted Greece’s operating‑environment rating to BBB with a stable outlook, noting improved bank fundamentals and credit‑risk management. Despite regional geopolitical tensions, especially around the Middle East, analysts expect the Greek market to retain its upward trajectory.

Overall, foreign investor confidence, combined with fiscal consolidation and strong corporate earnings, is reinforcing the bullish momentum of the Greek equity market.