A trading session that felt like treading water, the last of the trading week, with the General Index constantly switching direction, moving within a range that did not exceed 19 points, as all traders had focused their attention on the final auctions and the expected rebalancing.
It should be noted that the final portfolio rebalancing was preceded by June’s “triple witching,” and following the triple expiration of June contracts on the NYSE, the GDXA recorded both new intraday lows and new intraday highs.
Turning to the rebalancing, it should be noted that the Stoxx index review adds CrediaBank’s stock to the STOXX Greece, STOXX Developed and Emerging Markets, STOXX Emerging Markets, STOXX Eastern Europe, STOXX Balkan, STOXX All Europe, and STOXX Global Total Market indices. Ellaktor is being removed from the indices. The changes will take effect at today’s close.
In addition, the Athens Stock Exchange (ASE) and FTSE Russell announced the results of the regular semi-annual review of the composition of the FTSE/ASE indices for the period November 2025–April 2026. CrediaBank is being added to the FTSE25, while Sarantis is being moved to the FTSE/ATHEX Mid Cap. The weighting factors (Capping Factors) for the stocks included in the indices were calculated based on the closing prices at the end of the trading session on Friday, June 12, 2026. All changes will take effect as of the trading session on June 22, 2026, and the rebalancing took place today.
Thus, at 5:00 p.m., trading volume stood at 286.5 million euros, while by the close of trading it had reached 455 million euros, meaning that 37% of the total trading value was attributable to the rebalancing.
At 5:00 p.m., CREDIA shares were trading at 1.244 euros (-0.32%) with a volume of 2,690,915 shares, SAR shares at 14.84 euros (-0.67%) with a volume of 16,719 shares, and ELLAKTOR shares at 1.418 euros (+3.5%) with a volume of 254,236 shares. At the close of trading, CREDIA was at 1.25 euros (+0.16%) with a total volume of 19,429,532 shares, SAR was at 14.96 euros (+0.13%), with 86,407 shares, and ELLAKTOR at 1.42 euros (+3.65%) with a total volume of 351,874 shares.
Beyond that, and starting with international news, the postponement of U.S. Vice President JD Vance’s trip to Switzerland for negotiations with Iran has, in part, reignited investors’ concerns (the Iranian delegation also postponed its departure for Switzerland).
“Iran has demanded guarantees that hostilities in Lebanon will end before resuming talks with the United States in Switzerland,” a diplomat familiar with the matter told CNN.
On the other hand, “Israel and Hezbollah have agreed to a ceasefire,” a senior U.S. official told Reuters, sending oil prices even lower.
It should be noted that the Russell 2000 small-cap index closed at a new all-time high on Wall Street last night, and the Japanese Nikkei did the same this morning.
Markets in Denmark, the U.S., China, Sweden, Taiwan, Finland, and Hong Kong are closed today.
Turning to our own markets, the results of ADMIE’s rights offering (+5.36% and closing at a new all-time high) painted a picture of great success, ultimately raising €3.5 billion. The offering price closed at 4.05 euros. Trading of the new shares begins next Wednesday, June 24.
Meanwhile, ELHA (+14.19%) announced a capital increase of approximately €250 million via a book-building process which explains that this will enable the Company to implement its development and investment program totaling approximately €455 million through 2030, with the aim of increasing production capacity, expanding recycling capabilities, and improving operational efficiency.
As expected, ELHA’s upward trend was followed by its parent company BIO (+9.11%) and, to a lesser extent, its affiliate CENER (+3.41%).
In line with recent developments on the Athens Stock Exchange, and in contrast to the past, announcements of new capital increases are being well received by the market, as they are viewed as growth-oriented moves rather than a sign of trouble. Lamda Development, Motor Oil, Optima Bank, ADMIE Holdings, AIA, Attica Stores, ELHA, as well as the Greek government’s recent issuance of a 10-year bond, continued to attract liquidity and confirm the ongoing appetite for Greek risk, sustaining the market’s positive momentum.
In fact, according to reports, other companies are set to seek funding as well.
Beyond that, today’s trading session was a continuation of the previous ones, with the “big picture” showing no signs of substantial change, as interest and trading activity were concentrated on a rotating set of stocks within the narrow range of large-cap stocks.
Foreign funds active on the Athens Stock Exchange do not appear interested in seeking out more investment “targets,” a fact confirmed by the overwhelming majority of “imported” reports that refer to the same securities over and over again, while “domestic players” have adopted a wait-and-see stance, with very few exceptions.
All of the above simply serve to confirm the assessment made by a veteran market player to this columnist, according to which, “the ‘story’ of the upgrade will continue to play out through the usual few highly traded stocks, as this is the norm in ‘shallow’ markets, but the comparison with similar companies abroad will be more demanding. Unfortunately, in a developed market, the shares of companies with lower market capitalizations risk being devalued if there are no “domestic forces” to take an interest in them, or if there is no deal that will inject “momentum” and generate interest across a larger portion of the market.”
Major European markets are showing mixed trends and minor fluctuations, with investors’ attention remaining focused on the negotiations between the U.S. and Iran.
In the bond market, due to a U.S. holiday, the yield on the U.S. 2-year Treasury note stands at 4.18%, while the yield on the 10-year note is at 4.45% (the yield on the 30-year note has fallen to 4.9%). The yield on the Greek 10-year bond is at 3.645%.
Staying with government bonds, an auction of 26-week Greek government treasury bills, totaling 400 million euros and maturing on December 28, 2026, will be held on Wednesday, June 24, 2026, in book-entry form.
The General Index fluctuated between 2,466.69 (-0.21%) and 2,485.37 points (+0.55%). At 5:00 p.m., it stood at 2,480.83 (+0.37%) and closed at 2,475.98 points, with daily gains of 0.17%.
Trading volume totaled 455 million, of which 103.6 million were pre-arranged trades (REALCONS, BYLOT, QLCO, PIR, ADMIE, EUROB, KRI, DEI, LAMDA, KOUES, BIO, ETE, FAIS, PLATH, AIA), with DEI, EUROB, and PIR accounting for 31% of the total gross trading value.
Of the total turnover of 455 million, 345.2 million related to trades in FTSE25 stocks.
Furthermore, today’s session was the last of the week, marking the second consecutive day of gains and resulting in weekly gains of 2.24% for the General Index and 3.62% for the banking sector index. Since the beginning of the year, the General Index has posted gains of 16.75% and the Banking Sector Index has posted gains of 24.16%.