Tuesday's trading session at Athinon Avenue, which closed without any news from the Eurogroup meeting, continued along Monday's growth path, taking the stock market's gains to 4.3 billion euros in capitalization terms from the start of the week as the benchmark has rebounded by almost 12.4 percent in total. This has been accompanied by a fresh decline in bond yields.
Global index provider FTSE Russell announced during the March 2020 interim review a series of clarifications regarding the promotion of Romania to the status of Secondary Emerging Market, according to a press release of the Bucharest Stock Exchange.
The flexibility that the credit sector has secured from the European Central Bank and the reserved optimism that the restriction measures in Greece are bearing fruit, amid more handout pledges by the government, saw the local stock market head higher on Monday in a relatively calm environment for global securities.
The European Central Bank decision to lift its 33 percent limit on euro area government bond purchases gave Greek stocks a second consecutive day of healthy gains on Thursday. The bourse saw its capitalization grow by 2.5 billion euros over those two sessions, with credit sector stocks playing a major role in that advance.