Shares of Helleniq Energy and Motor Oil surged to their highest levels in years on Tuesday, driven by mounting investor expectations for robust quarterly financial results.
Helleniq Energy stock climbed to €13.10, a level not seen since 2005, while Motor Oil shares reached €53, setting a new record high.
The rally in the two Greek energy producers helped push the Athens Stock Exchange higher, reflecting broad-based confidence in the sector's profitability.
The price action underscores the market's positive outlook on the earnings cycle for Greek energy firms.
Investors are increasingly pricing in the benefits of elevated energy prices and strong operational performance.
The simultaneous strength in both equities suggests that the market views the sector's fundamentals as resilient despite broader global economic uncertainties.