ATHEX: MSCI fuels rebound in stock market

The upgrading of the Greek bourse to the class of developed markets by Morgan Stanley starting successful May 2027, with the upcoming MSCI scale rebalancing, gave a monolithic boost to Greek stocks connected Wednesday, with the benchmark covering a important portion its caller losses successful the past mates of days. The postponement of the upgrading from September 2026 is considered to springiness some much-needed clip for adjustment, which the marketplace received with alleviation and satisfaction.

The Athens Exchange (ATHEX) wide scale closed astatine 2,130.06 points, adding 3.15% to Tuesday’s 2,065.04 points. The large-cap FTSE-25 scale expanded 3.29%, ending astatine 5,406.09 points.

The banks scale grew 3.28%, arsenic Piraeus jumped 6.81%, Alpha grabbed 5.71%, Bank of Cyprus earned 3,35%, Eurobank collected 2.46%, Optima improved 2.24% and National roseate 0.49%.

Allwyn soared 8.48%, ElvalHalcor augmented 6.42% and Titan Cement precocious 5.78%.

In total 100 stocks obtained gains, 15 showed losses and 10 remained unchanged. Turnover amounted to €396.2 million, up from Tuesday’s €337.5 million.

The Cyprus Stock Exchange remained closed connected Wednesday owed to a nationalist holiday.