Up 1.16%, above 1,400 levels and at 13-year highs, the stock market closed the week ending, moving on an upward trajectory for the third consecutive week, during which the main index gained 4.47% , while since the beginning of 2024 it has increased by 8.34%. Performance that is among the best worldwide.

The stock market moved in line with the entry of AIA shares this week, with the share closing with a weekly gain of 11.83%, at 9.17 euros (entry price 8.20 euros).

The public offering of Athens International Airport is the largest issuance in the last 18 years, increasing the capitalization of the stock market by approximately 2.5 billion euros.

While in 2024 the Athens stock market may not be able to reach the returns of 2023, there is no doubt that the country is returning to the radar of investors after a decade in the… desert. This is according to NBG Securities, after a year of strong returns, boosted by the market-friendly outcome of the June 2023 elections and the subsequent upgrade of Greece to investment grade. Assuming there is no new major external negative shock, Greek stocks could make further gains, with the general index ending the year above the 1,500 level. The overall constructive outlook for 2024 remains above macroeconomic uncertainty and geopolitical risks, with the November 24 US election gradually coming into play and adding volatility to global markets. Her top picks include shares of Mytilene, Piraeus, and Titan.

The General Price Index closed the week at 1,401.01 units, against 1,385.01 units the previous week, marking a weekly increase of 1.16%. Since the beginning of 2024 the main stock market index has recorded an increase of 8.34%.

The FTSE/ASE 25 large-cap index closed the week up 0.90% and since the start of 2024 is up 9.14%. The FTSE MID mid-cap index closed up 2.57% for the week, and has gained 6.51% since the start of the year.

The banking index closed the week with a rise of 1.19%, while since the beginning of 2024 it has gained 15.40%.

The total value of trades in this week’s sessions stood at €810.944 million, while the average daily trade value increased significantly to €162.189 million, from €125.346 million last week.

The total market capitalization this week increased by 3.514 billion euros and reached 96.683 billion euros, while since the beginning of the year it has increased by 8.795 billion euros.