Athens Stock Exchange
| Χρηματιστήριο Αξιών Αθηνών Athens Exchange |
|
|---|---|
| legal form | |
| founding | 1876 |
| Seat | Athens , Greece |
| management | S. Lazaridis (CEO) |
| Branch | Exchanges |
| Website | www.helex.gr |
The Athens Stock Exchange ( Greek Χρηματιστήριο Αξιών Αθηνών , English Athens Stock Exchange ) is the Greek stock exchange based in Athens and operated by the HELEX Group . The official information sheet is the Naftemporiki newspaper .
backgrounds
The trading hours are from 10:00 a.m. to 5:20 p.m. Monday through Friday. The Athex Composite Share Price Index is the leading index of the stock exchange. Another index is the FTSE / Athex Large Cap , which emerged from a partnership between the stock exchange and the British index specialist FTSE Group International. The FTSE / Athex Large Cap comprises the 25 largest companies in the country.
history
The Athens Stock Exchange has existed in its current form since 1876 (predecessor from 1870–76). Until 2007 it was based on Sophokleous Street. It is therefore often called the "Sophokleous" .
In 2006 the Athens Stock Exchange launched a joint platform with the Cyprus Stock Exchange .
In July 2009, the ASE announced that from November 2009 the previously bundled fee structure (trading, clearing and settlement fees) would be straightened out. At the same time, the Athens Stock Exchange is working on an “X-Net” project, with which the trading of shares listed in the Balkans region on the Athens Stock Exchange should be possible in the future.
Ongoing speculation about Greece's exit from the euro zone (“ Grexit ”) and corresponding demands, as well as the open outcome of the parliamentary elections on May 6, 2012, led to sharply falling share prices. At the end of May 2012, the leading index fell to less than 500 points, its lowest level in 20 years. After the election on June 17, 2012 and the formation of a government ( Samaras cabinet ), a gradual recovery began. Several banks set up index funds (e.g. UBS , Commerzbank and Lyxor (asset manager of Société Générale )).
As part of the bank bailout in Greece in June and July 2015, the Athens Stock Exchange was temporarily closed on June 29, 2015.
The value of the shares listed in Athens (based on the prices in October 2012) was around 24 billion euros.
After a five-week suspension of trading in the wake of the Greek sovereign debt crisis , the Athens stock exchange reopened on August 3, 2015.
Web links
Footnotes
- ^ Cyprus course launches common platform with Athens . In: Cyprus Mail , October 31, 2006. Archived from the original on September 30, 2007. Retrieved June 24, 2007.
- ↑ Reuters, July 10, 2009
- ↑ Athens Stock Exchange falls to a low In: de.euronews.com from May 25, 2012
- ↑ Alexander Armbruster: The bull market continues after the election. In: FAZ.net . June 18, 2012, accessed December 12, 2014 .
- ↑ Tom Stoukas: Athens stock exchange soon smaller than that of Vietnam, corporation is fleeing. In: welt.de. October 17, 2012, accessed December 12, 2014 .
- ↑ sueddeutsche.de: Athens Stock Exchange opens again - and crashes