The Greek stock market continued to rise to heights unseen since late 2009, taking the benchmark above 2,560 points on Monday.
This was the fourth consecutive session of gains for the main index, which has amassed a rise in excess of 4% since the start of the year’s second half.
A JPMorgan report upgrading the Greek market to “overweight” from “neutral” contributed to banks leading the charge upwards.
The Euronext Athens (ATHEX) general index closed at 2,560.34 points, adding 0.91% to Friday’s 2,537.23 points. The large-cap FTSE-25 index expanded 0.96% to end at 6,502.64 points.
The banks index advanced 1.37%, with Alpha rising 2.06%, Eurobank 1.69%, Piraeus 1.40%, National 1.21% and Optima 0.59%. Motor Oil jumped 4.59%, while water utility EYDAP rose 3.85% and Cenergy Holdings 3.81%.
