Continuous high, series of positive odds, positive image profitability and increase transactions make up a positive backdrop to the market of Athens Shipownerwhich completed nine months of rise, an unparalleled record in stock markets.
From the beginning of November 2024 until the end of July 2025, the basic stock index recorded a total of 44.26%, while the banking index closed the 9 months with 88.48%. The total market capitalization has increased by € 27 billion in the last 9 months and has been jumped to € 133, 681 billion euros, levels that have been the highest market valuation since 2007.
The Stock Exchange continues its upward trend in 2025, with the basic stock index being 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 in the top-5 of the world markets, while in the closure of the 7th month 2025 the General Index was in the first place in the world markets for 2025, a “breath” of the landmark of 2,000 points, at a high 15-year-old bank.
At the same time, trading activity is at the highest levels since 2009 with the average daily transaction value in 2025 at 197.7 million euros 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.
Domestic and international investment firms remain positive for the Greek market as a result of the stable political and macroeconomic environment, strong corporate results and attractive valuations. The upward trend is expected as they point out in the second half, if there is no dramatic deterioration of the climate in international markets.
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 € 133 billion, corresponds to a little higher than 50% of GDP. Alpha Finance points out that the Greek market is still negotiating with a discount of about 20% compared to 20 years and 30-40% against Stoxx 600 and MSCi Em, which shows that there is still significant margin.
- 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 prospect of upgrading the Greek stock market in developed markets. The upgrading of the Hellenic Stock Exchange in a developed market by at least one international investment house in 2025 is expressed by the ATHEX administration, considering that the relevant chances of success exceed 50%. The International Evaluation of S&P recently upgraded the Athens Stock Exchange to the “Developed” for September 2026.
- And of course the prospect of a redemption of HELEX from Euronext, the acquisition of ATHEX by Euronaxt allows Greek financial markets to join a network of over 1,800 listed companies with total market capitalization exceeding 6 trillion. euro
The odds in the 9 months
The high capitalization index in 9 months recorded profits of 58.43%.
Of the high capitalization shares, the highest profits, from November 2024 – July 2025, record shares: Alpha Bank (+139.13%), Piraeus (+96.92%), Eurobank (+71.32%), National (+71.17%), PPA (+60.67%) Elvalhalcor (+44.54%), Mytileneos (+44.33%) and Coca Cola HBC (+43.01%).
The titles have risen: Motor Oil (+28.21%), AIA (+27.39%), AKTOR (+27.35%) Aegean Airlines (+26.64%), EYDAP (+26.60%), OPAP (+25.38%), GEK TERNA (+25.20%), Sarantis (+21.60%), Jumbo (+20.98%), PPC (+18.26%), Viohalco (+17.86%), ELPE (+11.67%), Titan (+10.82%), and OTE (+4.81%). Only Lamda Development (-9.86%) decline.