With a slight rise of 0.34%, the stock market is over in the end of the week, completing six positive weeks, with the market “digesting” the new high 14 -year -olds for the General Index and the high 9 -year -old for the bank index.

The first month of the new year ended with strong returns with the basic stock market index registering 5.42%.

Higher levels and increased variability provides for NBG Securities. Following a satisfactory performance in 2024 (13.7% increase in absolute terms), which was in accordance with our forecasts for last year, the stock market awaits similar behavior for 2025, but this time with greater fluctuations

However, due to the absence of a clear catalyst (similar to the return to the investment level in 2023, which was a turning point for Greek shares and bonds), brokerage analysts expect increased volatility and a sturdy move this year (above 1,500 units level ), with a few options to stand out.

H Optima bankis optimistic about the course of the market in 2025 for the following reasons:

  1. the faster extension of Greek GDP compared to the EU,
  2. the acceleration of implementing projects funded by RRF
  3. disciplined fiscal policy with a primary surplus of 2.4% in 2025 and further decline in debt/GDP index
  4. Support from bonds – with the lowest yields of Greek bonds, the Greek stock market now offers deeper discounts than last year
  5. the dividend yield of 6.4% in 2025, higher than EU peerings
  6. Increasing the profitability of the listed in 2025, which is placed at +5%.

Banks

New higher target prices are given by HSBC for Greek banks. For Alpha Bank it gives a new target price of 3.05 euros, for Eurobank for 3.50 euros, for Nationals for € 9.90 and for Piraeus at € 7.25.

Piraeus securities for Greek banks over the next two years are seen, despite lower interest rates on interest rates, as they open a new era in which profitability will be based on increasing lending. The new cycle, in the period 2025-2027, will be based on the increase in loans estimated at 5-6% per year, due to GDP growth at least 2% per year, supported by investment, tourism and consumption. In the above framework, it sets the target price for Alpha Bank’s share at € 2.9, National at € 10.2 and Eurobank is 3.7 euros.

The odds

The General Price Index closed the week at 1,549, 32 points, compared to 1,544.13 of the previous week, with a weekly rise of 0.34%, while by the beginning of the year it records profits of 5.42%.

The FTSE/ASE 25 high capitalization index closed a week with a rose 0.40% and has risen 5.80% since the beginning of 2025.

The FTSE MID mid -capitalization index closed with a weekly decline of 0.61%, and from the beginning of the year it rose 5.59%.

The banking index closed a week with a slight decline of 0.27%, while in early 2025 it is 9.99%.

The total value of transactions at this week’s meetings stood at € 613,331 million, while the average daily transaction value stood at EUR 122,662 million, from last week of EUR 172,473 million.

Total market capitalization in the week increased by € 473 million and stood at € 108,710 billion, while by the beginning of the year it increased by € 5,565 billion.