24/02/2015 12:36
The Athens Stock Exchange is recording impressive gains on Monday, led by the banking sector, in the aftermath of the European agreement for Greece.
The finance ministers had reached a political agreement at the Eurogroup for the extension of the support program for Greece for four more months. The Greek government had until today to send the list of reforms.
According to Reuters, “Athens sent the list of reforms to its European Union and International Monetary Fund creditors late on Monday”.
According to the European Commission, “this list is sufficiently comprehensive to be a valid starting point for a successful conclusion of the review, as called for by the eurogroup at its last meeting,” said one of the officials.
“We are notably encouraged by the strong commitment to combat tax evasion and corruption”, he added.
The Athex general index is recording gains of 6,2% to 907,33 points while FTSE is at 271,32 points and at +7%.
The banking sector jumps 11.3%.
National Bank soars 12.5%, Alpha Bank is up 11.6%, Eurobank surges 10% and Piraeus Bank gains 10,1%.
The Bank of Cyprus stock in the CSE puts on 2.8% to €0.184 while in Athens it is up 3,3% to €0.186.
According to Piraeus Equity, the agreement between Greece and its creditors has reduced volatility in the market and this is expected to continue this week ahead of the signing of the final agreement.
Eurobank Equities expects "a relief rally after last Friday's agreement", which is expected to continue in the next few days, if the list of reforms is approved by the group and the institutions of EuroWorking Group this evening.
As for the CSE, its general index is at 76.8 points and at +0.31% while FTSE adds 0.4% to 45.57 points.
The finance ministers had reached a political agreement at the Eurogroup for the extension of the support program for Greece for four more months. The Greek government had until today to send the list of reforms.
According to Reuters, “Athens sent the list of reforms to its European Union and International Monetary Fund creditors late on Monday”.
According to the European Commission, “this list is sufficiently comprehensive to be a valid starting point for a successful conclusion of the review, as called for by the eurogroup at its last meeting,” said one of the officials.
“We are notably encouraged by the strong commitment to combat tax evasion and corruption”, he added.
The Athex general index is recording gains of 6,2% to 907,33 points while FTSE is at 271,32 points and at +7%.
The banking sector jumps 11.3%.
National Bank soars 12.5%, Alpha Bank is up 11.6%, Eurobank surges 10% and Piraeus Bank gains 10,1%.
The Bank of Cyprus stock in the CSE puts on 2.8% to €0.184 while in Athens it is up 3,3% to €0.186.
According to Piraeus Equity, the agreement between Greece and its creditors has reduced volatility in the market and this is expected to continue this week ahead of the signing of the final agreement.
Eurobank Equities expects "a relief rally after last Friday's agreement", which is expected to continue in the next few days, if the list of reforms is approved by the group and the institutions of EuroWorking Group this evening.
As for the CSE, its general index is at 76.8 points and at +0.31% while FTSE adds 0.4% to 45.57 points.
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