Continuous high, positive yields, a positive profitability image and increase in transactions make up a positive backdrop to the stock market that has completed eight months of rise, an unparalleled record for the first time in the stock market. During the last eight months, from the beginning of November to the end of June, the basic stock market index recorded a total of 35.10%, while the banking index closed 8 months with a profit of 68.41%. The total market capitalization has increased by $ 20 billion in the last 8 months.

During the same period, the high capitalization index wins 40.49% and the middle capitalization index rose 23.16%. The total capitalization at the same time increased sharply by 20 billion euros.

The Stock Exchange continues its upward trend in 2025, with the basic stock market index at April 2010 levels, the bank index has returned to 2015, the high capitalization index in 2011 and the middle capitalization in 2010.

In the last four positive years, the Greek Stock Exchange was on the top-5 of the world markets, while for 2025 it is in second place in the world after the Warsaw Stock Exchange. Regarding the capitalization of the stock market, it has increased by 19% since the beginning of 2025, having returned to levels in September 2008, that is, it is at a pre -financial crisis.

At the same time, trading activity is at the highest levels since 2010 with the average daily transaction value in 2025 at € 190 million from 140 million in 2024, increased by 35%. The presence of foreign investors in the Greek market continues to be strong, with its participation in capitalization being 68.1% and in the business of 61.5%, while 2025 is buyers but inputs of EUR 387 million and € 1,384 billion in the three years 2022-2025.

Market upward traffic finds supports:

  • In the fact that the Greek stock market, despite the rise, remains attractive if one gives the market capitalization relationship in relation to the gross domestic product (GDP) of Greece. Based on GDP estimate at € 240 billion in 2025, capitalization of the stock market, which amounts to € 125 billion, corresponds to a little higher than 50% of GDP. In a recent analysis, JP Morgan points out that the ratio of medium yields and low risk justifies the Overweight setting up for the Greek Stock Exchange. Positive data also highlights the refunds from banks (with 10% dividend yields and equity reproductions) and 2% growth. In addition, banks have a 20% discount based on P/E, against European banks.
  • In the strong development story of the Greek economy. The Greek economy has at least for the coming years a “free corridor” of growth in fiscal stability. The Greek economy will also be in 2025, one of the first in development in the EU. The direction of funds by the US and not only observed to Europe is favored by ATHEX as it has higher growth than the eurozone average.
  • In fiscal stability. The course of the budgetary figures is on track of over -performance supporting the scenario of a positive revision of the prospects of the Greek economy.
  • The dynamics created by the recovery of the investment level and especially in the bond market. Greek bonds are highly resistant when a worldwide “sell -off” in the bond markets is manifested.
  • The high profitability of listed companies supports shares’ valuations.

The yields in the 8 months

Of the high capitalization shares, the highest profits, in November 2024-June 2025, record shares: Alpha Bank (+116.67%), Piraeus (+71.09%), PPA (+62, 93%), Optima (+56.25%), Eurobank (+54.29%) (+50.84%), Cyprus (+48.46%), Mytileneos (+43.54%), Elvalhalcor (+42.82%) and Coca Cola HBC (+31.21%). The titles (+25.80%), OPAP (+22.77%), Aegean Airlines (+22.43%), Motor Oil (+20.47%), Sarantis (+19.78%), Jumbo (+19.59%), ELPE (+19.28%), Titan (+19.07%), Titan (+19.07%), Titan (+15.84%), PPC (+15.02%), Viohalco (+9.90%), Aktor (+9.80%) and OTE (+6.39%). Only Lamda Development (-14.86%) decline, while EYDAP remained unchanged.