Feb 25 • 15:22 UTC 🇬🇷 Greece Naftemporiki

Stock Market: Reacted after the correction – Rally of +5% in Metlen, rise up to +3% in Banks

The Athens Stock Exchange experienced a significant rebound, driven by a surge in Metlen shares and positive expectations for bank earnings.

Today, the Athens Stock Exchange saw a robust reaction following a three-day decline, as Metlen’s recovery and positive forecasting for the banking sector provided essential supports. This recovery allowed the Greek market to bridge the gap from a psychological threshold of 2,300 units, reflecting investors' renewed confidence amid an improved external climate.

In the second session of the week, the General Index posted a notable increase of +1.09%, closing at 2,283.73 points—more than 24 points higher than Tuesday’s close. The day's fluctuations ranged between 2,266.55 and 2,286.90 points, with trading volume approximately €308.8 million, including €15.4 million from pre-agreed packages. The four systemic banks showed increases of up to +3.1%, as investors anticipated their upcoming financial results.

This reaction not only indicates a recovery in investor sentiment but also underscores the broader implications for the Greek economy, particularly concerning the banking sector's health and its ability to attract investment. The positive trajectory of stocks could pave the way for further investments and confidence in the financial markets, signaling a cautious but hopeful outlook for the future of the Athens Stock Exchange and the Greek economy at large.

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