The Athens Stock Exchange is entering a transitional phase, during which emerging market investors will be exiting while developed market investors begin to take positions.
Today, we will focus on two main issues:
1. Why has the Athens Stock Exchange lost its momentum?
2. There is information suggesting that if Metlen (Mytilineos) exceeds €48, Marshall will close its short positions, and Millennium will likely follow.
So, why has the Athens Stock Exchange lost its momentum?
What is the reason the Athens Stock Exchange (ASE) has lost its strength?
We see that the ASE has been moving within the 2,000–2,080 point range for the past 12 weeks.
The answer is this: investors already view the ASE as a bubble, and if it is confirmed that Prime Minister Kyriakos Mitsotakis is serving his final term, then investment visibility has been lost.
The Metlen (Mytilineos) case had a temporary impact on the market, but the company is solid, transparent, and has no hidden skeletons. The fog that was created has now cleared.
At the same time, the Athens Stock Exchange is transitioning from an emerging to a developed market phase, during which emerging market investors will exit and developed market investors will take their place.
This transitional period will last 16 to 18 months and is expected to have a neutral to slightly negative effect on the Greek stock market overall.
In September 2026, the Athens Stock Exchange will be upgraded to developed market status by FTSE Russell, followed by a similar upgrade by MSCI (Morgan Stanley Capital International) in May 2027.
If Metlen exceeds €48, Marshall will close its shorts
If Metlen exceeds €48, Marshall will close its short positions—and Millennium will likely follow, according to certain sources.
The Metlen share price currently stands at €44, giving the company a market capitalization of €6.3 billion.
The recent low for Metlen’s stock was €41.24, close to the downward target of €40 previously mentioned by BN.
The 52-week high for Metlen’s stock is €57.
Above €50, the Metlen share is considered overvalued.
www.bankingnews.gr
1. Why has the Athens Stock Exchange lost its momentum?
2. There is information suggesting that if Metlen (Mytilineos) exceeds €48, Marshall will close its short positions, and Millennium will likely follow.
So, why has the Athens Stock Exchange lost its momentum?
What is the reason the Athens Stock Exchange (ASE) has lost its strength?
We see that the ASE has been moving within the 2,000–2,080 point range for the past 12 weeks.
The answer is this: investors already view the ASE as a bubble, and if it is confirmed that Prime Minister Kyriakos Mitsotakis is serving his final term, then investment visibility has been lost.
The Metlen (Mytilineos) case had a temporary impact on the market, but the company is solid, transparent, and has no hidden skeletons. The fog that was created has now cleared.
At the same time, the Athens Stock Exchange is transitioning from an emerging to a developed market phase, during which emerging market investors will exit and developed market investors will take their place.
This transitional period will last 16 to 18 months and is expected to have a neutral to slightly negative effect on the Greek stock market overall.
In September 2026, the Athens Stock Exchange will be upgraded to developed market status by FTSE Russell, followed by a similar upgrade by MSCI (Morgan Stanley Capital International) in May 2027.
If Metlen exceeds €48, Marshall will close its shorts
If Metlen exceeds €48, Marshall will close its short positions—and Millennium will likely follow, according to certain sources.
The Metlen share price currently stands at €44, giving the company a market capitalization of €6.3 billion.
The recent low for Metlen’s stock was €41.24, close to the downward target of €40 previously mentioned by BN.
The 52-week high for Metlen’s stock is €57.
Above €50, the Metlen share is considered overvalued.
www.bankingnews.gr
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