The Athens General Index (ATHEX) closed at a 17-year high on Monday, breaking through the psychological 2,600-point barrier for the first time since the onset of the European sovereign debt crisis.
The benchmark index gained 1.64% to settle at 2,611.77 points, capping a strong start to the month and the week for Greek equities.
The breakthrough above 2,600 points is a significant technical milestone, suggesting that long-term bearish sentiment has largely dissipated among institutional investors.
The rally reflects sustained investor confidence in Greece’s economic recovery and fiscal trajectory.
The move comes as global equity markets have shown resilience, with major US indices such as the Dow Jones Industrial Average and S&P 500 recently trading near record highs.
This broader risk-on sentiment has provided tailwinds for peripheral European markets, including Athens.
The breakthrough above 2,600 points is a significant technical milestone, suggesting that long-term bearish sentiment has largely dissipated among institutional investors.