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Greek stock market prepares for Developed Markets upgrade
The Greek stock market is preparing for a significant transition as it undergoes an upgrade to the Developed Markets category by FTSE Russell and Stoxx. This shift is expected to drive substantial trading activity, particularly around the rebalancing scheduled for September 18th, as passive funds adjust to the new index benchmarks.
While the upgrade brings potential inflows, the market may also see outflows from portfolios that invest exclusively in emerging markets. Investors are also monitoring international factors, including the crisis in the Middle East, Brent crude oil volatility, and the Federal Reserve's interest rate decisions, all of which influence market sentiment.
Historically, September has been a volatile month for the Greek market. While it has seen positive growth in some years, such as a 1.4% increase in 2024 and a 0.6% increase last year, it has also experienced significant downturns, including a 7.8% drop in 2023.
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Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] In 2024, the market change for September was +1.4%. www.naftemporiki.gr
- [DISPUTED] The Greek market experienced a 7.8% drop in September 2023. www.naftemporiki.gr
- [DISPUTED] The Greek stock market saw a 0.6% increase in September last year. www.naftemporiki.gr
- [○ 1 SOURCE] A rebalancing event is scheduled for September 18th, which is expected to trigger high trading activity from passive funds. www.naftemporiki.gr
- [○ 1 SOURCE] The Greek stock market is undergoing an upgrade to the elite Developed Markets category by FTSE Russell and Stoxx. www.naftemporiki.gr