Greek stock market joins world’s leading exchanges after debt crisis
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14 Articles
The General Index moved in a range of over 60 points, falling by -1.2% and strengthening by +1.1% during the session - Turnover exceeded 300 million euros
Greek stock market joins world’s leading exchanges after debt crisis
The Greek stock market joined FTSE Russell’s developed-market group on Monday, potentially attracting more international investment, while recent credit rating upgrades reflect the country’s improving public finances.
The large index providers upgraded Greece from an advanced emerging country to an industrial country. From now on, Greek companies will be represented in the Stoxx Europe 600. This is only one of many positive developments that Greece has recently undergone.
The Athens Stock Exchange will be reinstated this Monday in the group of developed markets, with revaluation mainly changing the rules of the game for institutional capital.
Greece's capital market has been reclassified for months by the global provider of FTSE Russell financial indices from the "emerging advanced" to the "developed" category, marking a new step in the country's recovery from the sovereign debt crisis.
The General Index, although initially falling by up to 1.23%, quickly followed the European markets and recorded a rise of 0.55%, closing at 2,676.02 points with turnover reaching 331 million euros.
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