Greek Equities: Explaining The Outperformance

In the past six months, Greece’s Athens Stock Exchange (ASE) index has set a blistering pace, notching up gains of 39.4% and ranking second in global equity market performance – an achievement more commonly associated with fast growing emerging markets. Indeed, notwithstanding the rally in Dubai financials and the policy-induced surge in Japanese stocks, the leader board is occupied by the likes of Argentina, Nigeria, and Kuwait.

Six-Month Equity Market Performance, %

In Business Monitor Online today, we discuss the reasons for the ASE’s outperformance, and the market’s prospects over the coming months and years.