Stock exchange

Accumulation around the 1,450-1,460 zone is seen today on the Greek stock market, amid sluggish trading due to the holiday season. The domestic market is balancing between international pressures and window dressing.

Metlen Energy & Metals has formally started the process for its listing on the London Stock Exchange. The group, which will also continue the trading of its stock on the Athens Stock Exchange, announced it has submitted the application required.

Exposed to international pressures and lack of liquidity on a domestic basis, the Greek stock market remained in downward territory for the third consecutive day. Banks were again at the center of the liquidation, while few securities “escaped” with profits.

The Greek stock market continued to be “trapped” in a selling mood for the fourth consecutive day, with shares retreating significantly from the 1,420-point level and losing the support of 1,415 points. The share placements and capital increases by listed companies seem to be weighing on the market, at least in the short term.

The Greek stock market had its best session in a “deep” month today (23/9). After a sluggish start, buyers turned active with banks spearheading the rally, which gained more than +2%. In this way, the X.A. broke out of the “bottleneck” of 1,420-1,430 points, in which it had been “trapped”.

The Greek stock market, which shifted its tone following the ECB’s interest rate announcement, once again fell short of expectations. Although it initially aligned with global market trends, it eventually diverged, trailing behind the positive sentiment seen elsewhere.

Bank of Cyprus will switch its stock market listing to Athens from London next month, subject to shareholder and regulatory approval, the lender has said.

The bank has called a shareholders meeting in Nicosia on September 13 to approve the move, it said, adding that the company plans to list its shares on the Athens Stock Exchange on September 23.

Greece's investment grade recovery, expected to reduce borrowing costs for businesses while opening the door to a larger investor audience, combined with the start of the ECB's rate-cutting cycle, is accelerating activity for listed companies, supporting new issues of corporate bonds and fresh listings on the Athens Stock Exchange.

The continuation of the economic recovery and Greece's return to investment grade after almost 13 years is what markets expect after the elections.

Athens Stock Exchange Group (HELEX) on Tuesday launched a series of international roadshows to promote listed medium-capitalization companies to European institutional investors for the first time.

The first roadshow took place on Tuesday in Geneva and will be followed by roadshows in Paris (June 22) and Frankfurt (October 31).