To “BBB+”, one notch above investment grade, the Scope Ratings agency upgraded the rating for Greek sovereign creditworthiness, setting a stable outlook.
The Moody's rating agency revised Greece’s outlook to positive from stable, while at the same time maintaining the country’s credit rating at “Baa3”, that is, at the minimum investment grade on its scale.
The next scheduled assessments of Greek sovereign creditworthiness will take place on: 23 October 2026: Standard & Poor's. 6 November 2026: Fitch Ratings (completion of the annual cycle).
A two-sided session, the first for the ASE as a Developed Market, after last Friday’s rebalancing and the historic turnover record, with the General Index starting trading with “southern” tendencies, falling below 2630 points, but gradually buyers developed more initiatives, taking help from the positive climate in the European markets and the relative retreat in oil, turned the Index into positive territory, which it maintained until the end.
It could be argued that today was a session restoring the distortions of the previous week and of what took place in Friday’s restructurings, with stocks that were pressured reacting (Viohalco Group, MOH, TITC) and stocks that outperformed correcting (DAA).
From that point on, at least in the short term and as the column has mentioned, the behavior of ARAIG (+3.17%) will continue to depend on the ups and downs of oil, the third consecutive declining session for EEE was a concern (-0.79%, but with a close at the day’s high), while in the second half of trading, buyers made their presence more noticeable on the heavyweight banking board.
Despite today’s reaction from the morning lows and the positive close of the GDXA, cautious continue to declare themselves most market professionals regarding the short-term trend, favoring the scenario of consolidation for the General Index, with whatever interest being exhausted in individual stocks, as announcements of first-half results by listed companies intensify.
According to the same sources, a “tail” of restructurings cannot be ruled out, hedge funds with “overweight” positions may rationalize their positions, while from there on a role will be played by the relative “landing” of excessive expectations, the gradual reappearance of political risk, the fluid international environment, the fluctuations in tension in the Eastern Mediterranean and the higher correlation with the European markets.
On the same “wavelength”, Beta Sec. also notes, “from today the market will seek new catalysts to price in, with its inclusion in the Developed Markets category and the increased participation of International investors strengthening its correlation with the trends of Foreign Stock Exchanges. Gradually, political risk will also come into focus which, as the electoral cycle approaches, is expected to increase the sensitivity and volatility of the Domestic Market.
These factors, however, are to a large extent expected and can hardly function as a source of new information, or substantial repricing. On the contrary, positive surprises on the front of business deals, combined with a possible de-escalation of geopolitical risk, could create the background for a new cycle of inflows, with additional support from the particularly satisfactory picture that corporate profitability continues to present this year as well.
At the same time, the ‘wave’ of rewarding shareholders continues, with an increase in the number of Companies participating in cash distributions from this year’s profits, with the estimated amount approaching 1.3 billion euros by the end of the year. These figures can limit the ‘aftereffects’ of an ‘imported’ correction, but not suspend a broader reassessment of market risk. The area of 2,640 points was the previous ‘springboard’ for the move toward this year’s highs and therefore, a close below this specific zone would noticeably burden the technical picture, increasing the chances of a deeper correction. The next sessions require attention, given the rise and the accumulated gains that have preceded, but also the new trading data that will prevail from today.
Developments in the Middle East and fluctuations in Crude Oil prices, are expected to remain the main factors affecting the sentiment of international investors, as this week’s schedule includes few significant macroeconomic announcements. In this context and with the support of the recent easing in Oil prices, we expect stabilization and selective buying, after the volatility observed on Friday, in relation to the indices”.
Among the other characteristics of today’s session were the, as expected, lower turnover, the retreat of the main indices from the day’s highs and the tendencies for a relative reaction from a small number of lower-capitalization stocks, which recently found themselves at multi-month lows, and this is also confirmed by the significant improvement in the ratio of advancing to declining stocks.
As regards the scheduled announcements of first-half results, tomorrow ALMY, ELLAKTOR and PLATH publish, on Wednesday ADMIE, KRI, LANAK, ASKO, ELTON, on Thursday EYDAP, BELA and AKTR, with EYDAP and BELA publishing their figures before the start of the session, while the week concludes on Friday with announcements from TRASTOR, VIOKA, INLIF, EYATH, OLTH, ASTAK and EVROF.
Meanwhile, according to the list of the HCMC and regarding net short positions exceeding 0.5%:
JP Morgan Asset Management (UK) Ltd remains with a net short position of 0.78284% in the MTLN share, AKO Capital LLP with a net short position of 1.31857% in the MTLN share and Qube Research & Technologies Limited with a net short position of 0.89941% in the BYLOT share.
As of 17/9/2026, Qube Research & Technologies Limited reduced its net short position in the ADMIE stock to 0.89324%, from 0.90602%, and as of 18/9/2026 Qube Research & Technologies Limited opened a net short position of 0.54973% in the CREDIA share.
With positive signs the major European markets, due to the relative de-escalation of oil prices, but also of yields in the bond market.
More specifically, the yield on the US 2-year note falls to 4.71%, on the 10-year to 4.95%. The yield on the 30-year is at 5.29%. The yield on the Greek 10-year note is at 4.202%.
According to analysts, “the September meetings of the Central Banks have been completed and the prospects for future policy rates have changed significantly, in a direction unfavorable for higher-risk assets in general, although resilient equity Markets continue to move not far from their historical highs. This week will be relatively quiet, in terms of economic data and monetary policy news. The main event will be the publication of the PMI business activity indices on Wednesday”.
According to the economic calendar, the next meetings - announcements of the ECB are scheduled for 29/10 and 17/12/2026.
The corresponding ones of the Fed are scheduled for 28/10 and 9/12/2026.
The attention of the markets is also on the upcoming Summit between the American President, Donald Trump and his Chinese counterpart, Xi Jinping (China’s President, Xi Jinping, will visit the US from 23 to 25 September, following an invitation from the American President).
The General Index moved between 2628.55 (-1.25%) and 2690.67 points (+1.10%). At 17:00 it stood at 2681.67 (+0.77%) and completed trading at 2676.02 points, with daily gains of 0.55%.
Turnover, the lowest of the last five sessions, at 328.7 million, of which 15.9 million concern pre-agreed transactions (AKTR, ALWN, EUROB, ALPHA, BELA, VIO, NBG, DAA, PPC, PEIR), with EUROB, PEIR and ALPHA accounting for 36% of the total gross transaction value.
Of the total turnover of 328.7 million, 309 million concern transactions in FTSE25 shares.