The Athens Stock Exchange has seen a correction of at least -5% from its recent peak of 2,407 units; however, numerous stocks have not only evaded this downturn but are also achieving record highs. Notably, at least 12 blue chip stocks are now at their multi-year or historical peaks. For instance, Coca Cola HBC's share price has surged to €55.35, marking an all-time high and yielding a market cap exceeding €20 billion.

Similarly, the stock of GEK TERNA has reached €36.8, bolstered by positive momentum following an unexpected report from Spanish bank Santander, which set a price target of €49. This highlights the significant visibility and investor confidence towards these companies. Expectations of a strong future, robust refining margins, and attractive valuations are the main drivers for the rise of Motor Oil, which has climbed to a record €36.52 as well.

These trends demonstrate the resilience and potential of certain sectors within the Greek stock market, suggesting that while a broader correction may impact many stocks, specific blue chips are thriving. As investor sentiment remains cautiously optimistic, the performance of these blue chips could offer a stabilizing influence in the face of market volatility, indicating selective strength amid a turbulent economic landscape.