ATHENS STOCK EXCHANGE

Oversubscription 6.2 times yesterday, first day of the offer. Given the allocation of an additional 2%. Tomorrow the offer expires, Friday the shares are allocated. Big international houses and powerful shipowners - businessmen acquire shares.

It is a hybrid corporate Venture Capital that will create the Athens Stock Εxchange which will focus on the integration of the 'next generation' digital solution fintech to the Stock Exchange environment that will resolve problems of the listed companies.

Through 8 share capital hikes in 2021 - with the top ones of PPC and Piraeus Bank - the listed companies raised a total of 3.7 billion euros. This is the largest amount since 2007, when MIG tapped the market for a massive 5.19 billion euros.

This is a new economic reality, where on the one hand, the bourse’s general index has not been able to break away from the 900-point mark for months, while on the other hand, many blue and mid cap companies have reported their strongest earnings figures.

Over a period of five years, ie until the fiscal year 2026, the company forecasts that profits before taxes from 67 million euros to 924 million euros, marking an increase of 1,279.1%.

There may still be a long way to go for the ATHEX to operate effectively in providing capital to companies, but these developments indicate a gradual resurgence of interest in the Greek stock market.

Despite the negative effects of the pandemic in Greece and globally, the company managed not only to reduce any negative effects but to increase sales and profitability.

It is noted that since the end of 2019 the general index has lost 14.1%, blue chips dipped 18% while bank shares gave up 44.2%, the worst performers of the market.

From the misery of low volumes seen in previous months, the market has passed to daily transactions approaching or exceeding 100 million euros.

As of November 6, the profits of the banking index exceed 60%, while a jump of 23.6% has been recorded by the General Index, an increase accompanied by a large increase in trading activity.