Marginal rise 0.07% closed today (5.9.25) the Athens Stock Exchangeblocking the downward trend of the two previous weeks, during which the main stock market index had recorded a total loss of 4.91%.
The Athens Stock Exchange’s General Price Index closed a week at 2,023.05 points, compared to 2,021.69 units last week, with a weekly marginal rise of 0.07%. Since the beginning of the year, it has recorded profits of 37.65%.
The FTSE/ASE 25 high capitalization index closed a week with a rose 0.33% and has made a profit of 42.65% since the beginning of 2025.
The FTSE MID mid -capitalization index closed with a weekly decline of 2.61%, and since the beginning of the year it rose 24.06%.
The bank index closed a week with 2.39%, while in early 2025 it has made a profit of 71.40%.
The total value of transactions at this week’s meetings amounted to EUR 992,247 million, while the average daily transaction value stood at EUR 198,449 million, up from € 291,741 million last week.
After 10 consecutive months, the market corrected a moving between 2,000 -2.035 points. The correction is considered perfectly normal and concerns the last upward wave that began in April below 1500 points.
Technically, the upward trend in long -term intervals is maintained, as the 100 units totaling a total of 15 years (2,126.18 points) does not change the large picture. However, in the short term there are downward trends.
The short -term course of the stock market will depend on the course of European markets, as we approach September 8 when the French government has to secure a vote of confidence.
The investment environment is burdened by an increasing number of external uncertainties that create a strong climate of cautiousness. The Greek market, while still maintaining positive foundations, increasing intensity in the external environment seems to have led to a comprehensive revision of risks.
Despite a high 15 -year rise, US investment bank JP Morgan notes that the Greek stock market has significantly lower valuations than the rest of Europe.
The Greek shares forward P/E is 9.3x, 27% below the long -term average and 30% lower than the eurozone average.
Investors also benefit from high dividend yield, which reaches 3.4%, significantly above the eurozone average (2.6%). It moves close to 13%.
The expected increase in profits per share remains average, with 5% for 2025, 6% for 2026 and 10% for 2027, while GDP growth is estimated at 2% in 2025 and 1.8% in 2026, near the average of the eurozone.
Despite the high profits of bank shares, according to Euroxx, up-to-date models, Greek banks are trading on average with a P/E 7.1x index for 2027, ie 15-20% discount compared to regional like (p/e 8.8x for 2027). In this context, Euroxx considers that Greek banks deserve a premium due to higher loan growth (close to 10% per year) and a better dividend distribution.
UBS’s pan -European top picks is Alpha Bank together with Societe Generale, Barclays, Deutsche Bank, Bawag and Standard Chartered Banks.
For Alpha Bank, the USB gives a purchase setting up and sets the target price of 3.7 euros, noting that the increase in loans is still a positive surprise. The bank stands out as it offers a relatively good increase in profits per share compared to other Greek, while supplies have exceeded market forecasts.
For Eurobank, the house gives a market set up and a target price of 3.64 euros, for the national team for € 13.4 and for Piraeus for € 7.60.
The total market capitalization this week increased by EUR 320 million to € 143,144 billion, and since the beginning of 2025 it is increased by 40 billion euros.