Despite recent corrections, the Athens Stock Exchange continues on a path of growth, marking its eighth consecutive week of gains driven by high capitalization stocks such as Coca-Cola HBC and Motor Oil.
The Athens Stock Exchange has shown resilience despite experiencing a correction in recent days, maintaining its trajectory towards an impressive eighth consecutive week of gains. The General Index said goodbye to the first week of February with an overall increase of approximately 2%. This consistent upward movement is largely attributed to high capitalization stocks that have been carrying much of the buying weight during this bullish market phase.
In particular, Coca-Cola HBC has seen substantial growth, gaining approximately 8.0% from Monday to Friday, reaching a historic high of 49.5 euros. This increase is fueled by strong expectations surrounding the company's financial figures for 2025, which are set to be announced next Tuesday, adding to investor optimism. Such performance indicates the market's confidence in the company's future prospects and its ability to navigate economic challenges effectively.
Another notable performer is Motor Oil, which not only maintained its upward momentum but also surged past 36 euros for the first time in its history, achieving a weekly performance of 6.8%. This success has elevated its market capitalization to over 4 billion euros, reflecting strong investor sentiment and a robust financial outlook. These developments in the Athens Stock Exchange emphasize a positive trend in the Greek economy, as investors remain optimistic about various sectors, particularly in energy and consumer products.
