The Greek stock market has surged in a robust rally, with the General Index climbing to 1,472.07 points, an increase of 1.37 percent.
This surge comes after a six-day holiday break and is seen as a catch-up to European markets that were open during the Orthodox Easter period.
Goldman Sachs has projected a bright future for the Greek stock market, forecasting the General Index to reach 1,550 points by the end of 20241. This represents a nearly 15 percent gain from current levels and reaffirms the positive outlook on the fundamentals of Greek listed companies.
The market’s rebound is particularly noteworthy as it approaches the “psychological” threshold of 1,500 points for the first time in many years, now less than 2 percent away from this significant milestone.
High-capitalization stocks, especially in the banking sector, have led the charge. Piraeus, National, and Alpha Bank have all experienced increases of over percent.
The trading volume has also seen a substantial boost, with transactions exceeding 112 million euros on Wednesday.
This market optimism is further buoyed by the Recovery Fund, which Goldman Sachs believes will enhance direct investments in Greece and support the stock market’s growth. The firm’s forecast is a testament to the resilience and potential of the Greek economy as it continues to recover and thrive in the post-pandemic landscape.