Athens Stock Exchange Hits 5-Year High, Led by Banking and Construction Sectors

Greek stocks closed higher on Friday, with the benchmark Athens General Composite index climbing 0.37% to reach a new five-year high. The advance was primarily driven by positive performance in the banking, construction, and travel sectors, according to closing data from the Athens Stock Exchange.

Market Performance Details

The index's close at a multi-year peak suggests growing investor confidence in the Greek market. However, the session's gains were not broad-based, as declining stocks slightly outnumbered advancers by a margin of 52 to 49, with 30 issues ending the day unchanged. This market breadth indicates that the positive momentum was concentrated in specific large-cap names and sectors rather than a widespread market rally.

Top Stock Movers

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Several individual companies posted significant gains, contributing to the index's upward move. The session's top performers included:

• Lamda Develop (AT:LMDr), which rose 2.95%.
• IDEAL HOLDINGS SA (AT:IDEr), adding 2.36%.
• HELLENiQ ENERGY Holdings SA (AT:HEPr), which gained 2.05% to also close at its own five-year high.

Conversely, some stocks faced selling pressure. The most notable decliners were Kri-Kri Milk (AT:KRIr), which fell 2.97%, Evropi Holdings SA (AT:EVROr), down 2.09%, and Alumil (AT:ALMr), which lost 1.75%.