Share prices at Athens Stock Exchange spiked on Monday, in the wake of the resounding victory of the ruling party in Sunday’s elections.
The market sees the election result as the best possible scenario, an outcome that reduces political risk, paving the way for an independent government in the next election and for the recovery of investment grade in the coming months.
At 13:00 the General Share Price Index stood at 1,212.82 points, marking a jump of 7.11%.
Turnover was at 186.73 million euros.
The large-cap index was up 8.22%, while the mid-cap index was up 3.62%.
At 15:00 the General Share Price Index stood at 6.58% apparently after PM Mitsotakis announced the 2nd round of elections on June 25.