The Athens Stock Exchange saw a positive start to May, though it couldn’t maintain weekly gains. However, it surpassed the mark of 1,450 points, supported by stock performance. The General Index rose by 3.76 points (0.26%) on May 2nd closing at 1,452.24 points. Bank stocks, led by the National Bank, drove the increase. Despite a shortened trading week due to holidays like Labour Day and Orthodox Easter, trading volume remained high. The exchange will resume on Wednesday, May 8th.
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During the shortened trading week, the General Index decreased by -0.19%, yet it has seen a significant rise of +12.3% since the beginning of the year. The index remains close to its 13-year record set on April 29th. April marked a return to positive monthly gains, with the General Index climbing by +1.84%. The National Bank achieved a new high, fueled by strong quarterly profits and positive outlook on dividends. Conversely, Austriacard Holdings faced pressure due to a placement of 15% of its shares, causing a decline of about -6%.
