FTSE Russell: 62 Greek stocks to join developed market indices

The Greek stock market is on the cusp of a significant milestone as it prepares for an official upgrade to 'Developed Market' status by the global index provider FTSE Russell on September 21. This reclassification marks a crucial step in the country's economic recovery and its reintegration into global financial markets.

The upgrade is a testament to the sustained efforts to improve the investment environment and reflects growing confidence in the Greek economy. Investors have shown increasing interest in Greek equities, driven by economic reforms and a more stable outlook. The inclusion in developed market indices is expected to attract further foreign investment, boost liquidity, and enhance the market's overall profile.

FTSE Russell has released a comprehensive list of 62 Greek stocks that will be incorporated into its developed market indices. These stocks span various sectors and market capitalizations, indicating the breadth of the market's recovery. Companies included in the FTSE Mid Cap index are Allwyn, Alpha Bank, Cenergy, Eurobank, GEK TERNA, OTE, National Bank of Greece, Piraeus Bank, PPC, and Viohalco.

Further down the market spectrum, the Small Cap index will feature Aegean Airlines, Aktor, Athens International Airport, EYDAP, Autohellas, AVAX, Bally's Intralot, Bank of Cyprus, CrediaBank, Ελλάκτωρ, ELVALORHALCOR, Euronext Athens, Helleniq Energy, ADMIE Holdings, Jumbo, Lamda Development, Motor Oil, Optima Bank, Piraeus Port Authority, Quest, Sarantis, and Titan. The Micro Cap index will comprise Alter Ego Media, Alumil, Austriacard, Bank of Greece, BriQ, Motodinamiki, Dimand, EKTER, Europe Holdings, Fais, Fourlis, Ideal, ILIDA, Interlife, Intracom, Kri Kri, Lavipharm, Mevaco, Noval Property, Orilina, Papoutsanis, Performance Technologies, Premia Properties, Profile Systems, Qualco, Real Consulting, Technical Olympic, Thessaloniki Port Authority, and Thrace Plastics. The inclusion of these diverse companies underscores the market's growing maturity and potential.