Athens Stock Exchange Opens with a 0.44% Rise – European Shares Surge

Stock prices are moving upward at the start of today’s session (March 6, 2025) in Athens, amid a positive climate in European markets and ahead of the anticipated interest rate cut by the ECB. Specifically, the General Index of the stock exchange is reaching new 14-year highs at 1,637.58 units, marking an increase of 0.44%, while trading value rises to €19.97 million. The high-capitalization index records a rise of 0.35%, while the medium-capitalization index strengthens by 0.65%. Leading gains among high-capitalization stocks are Aegean Airlines (+1.36%), Alpha Bank (+1.34%), Ellaktor (+1.30%), and PPC (+1.08%). Conversely, Coca Cola HBC (-1.80%), EYDAP (-0.51%), Elvalhalcor (-0.45%), and OTE (-0.32%) see declines. Out of all shares, 62 are rising, 17 are falling, and 10 remain stable. Among individual performers, Dromeas (+3.81%) and Lanakam(k) (+3.16%) lead the increases, whereas Leventeris(k) (-4.35%) and Trastor (-2.33%) experience the biggest drops. European markets continue their upward trend as U.S. President Donald Trump exempted the auto industry from 25% tariffs on Canada and Mexico for one month. The pan-European STOXX 600 index rose 0.3% at 10:14 AM Greek time. This follows a rally in the previous session after parties hoping to form the next German government agreed on a €500 billion special fund and relaxed the ‘debt brake.’ Automotive shares surged 1.2%, with Volkswagen (+3.1%), BMW (+3.3%), and Stellantis (+2.4%) leading the way. Investors are also focused on the ECB meeting, which may decide on another interest rate cut. European bank shares led the surge, gaining over 2% to new high levels.