The upgrading of the Greek bourse to the category of developed markets by Morgan Stanley starting in May 2027, with the upcoming MSCI index rebalancing, gave a massive boost to Greek stocks on Wednesday, with the benchmark covering a significant part its recent losses in the last couple of days. The postponement of the upgrading from September 2026 is considered to give some much-needed time for adjustment, which the market received with relief and satisfaction.
The Athens Exchange (ATHEX) general index closed at 2,130.06 points, adding 3.15% to Tuesday’s 2,065.04 points. The large-cap FTSE-25 index expanded 3.29%, ending at 5,406.09 points.
The banks index grew 3.28%, as Piraeus jumped 6.81%, Alpha grabbed 5.71%, Bank of Cyprus earned 3,35%, Eurobank collected 2.46%, Optima improved 2.24% and National rose 0.49%.
Allwyn soared 8.48%, ElvalHalcor augmented 6.42% and Titan Cement advanced 5.78%.
In total 100 stocks obtained gains, 15 showed losses and 10 remained unchanged. Turnover amounted to €396.2 million, up from Tuesday’s €337.5 million.
The Cyprus Stock Exchange remained closed on Wednesday due to a national holiday.
