Athens Stock Market opens with a slight rise

Bank shares recorded slight gains

The Athens Stock Market opened on a positive note on Tuesday’s session, after bouncing back from the shockwaves sent by the nearly 700-point drop of the US Stock Market on Monday.
The market at the opening reached a rise of close to 1%, currently hovering around the 728 units mark, a 0.50% increase.

The upgrading of two Greek banks – National and Eurobank – and the positive HSBC report two weeks before the European elections, were factors that explained why was on a steady rise for the past three months.
In spite of the fall in the last few days, which eliminated three-month gains in Banks and general stocks, HSBC has an optimistic outlook for the next period making reference to positive catalysts.
The upcoming European Parliament elections appear to be one of the positive catalysts, as the opposition party in Greece is expected to record a clear victory.