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Athens Exchange

 

Athens Exchange

Athens Exchange
Χρηματιστήριο Αθηνών
Type Stock Exchange
Location Athinon Avenue 110, Athens, Greece
Founded 1876  (1876)
Owner HELEX Group
Key people Iakovos Georganas (Chairman)
Socrates Lazaridis (CEO)
Currency EUR
No. of listings 255[1]
Website www.helex.gr

The Athens Stock Exchange or ASE or ATHEX (Greek: Χρηματιστήριο Αθηνών or ΧΑΑ) is a stock exchange located in Athens, Greece. There are five markets operating in ATHEX: regulated securities market, regulated derivatives market, Alternative market, carbon market (for EUAs) and OTC market.[2] In the regulated securities market investors can trade in stocks, bonds, ETFs and other related securities.

ATHEX has over 30 indices. The six main indices are: Composite Index (GD), FTSE/Athex Large Cap (FTSE , also known as FTSE 25), FTSE/Athex Mid Cap Index (FTSEM), FTSE/Athex Market Index (FTSEA), FTSE/ATHEX Global Traders Index Plus (FTSEGTI) and FTSE/ATHEX Factor-Weighted Index (FTSEMSFW).[3]

The Athens stock exchange was closed on 27 June 2015 because of the Greek government-debt crisis.[4] It reopened on 3 August 2015 and lost more than 16% in the day's trading with certain bank stocks plummeting 30%, the daily change limit.[5][6]

Contents

  • History 1
  • Location 2
  • Companies 3
  • Other information 4
  • Notes and References 5
  • External links 6

History

The building in Sofocleous Street that used to accommodate the Athens Exchange until 2007

The Athens Stock Exchange started trading in 1876. Its day-to-day running has been assigned to Hellenic Exchanges – Athens Stock Exhange S.A., whose shares are listed on the exhange (Athex: EXAE). The derivatives market started trading in August 1999. In 2002 the Athens Stock Exchange and the Athens Derivatives Exchange merged to form the Athens Stock Exchange.[7]

After being closed due to the ongoing debt crisis since June 27, 2015, the stock market crashed when the exchange was reopened on 3 August. The overall index lost over 16% of its value with bank stocks losing the maximum allowed 30% on the day's trading.[5]

Location

Until 2007, the exchange was located on Sofocleous Street, in the central business district of Athens. For this reason the Exchange and Sofocleous St became synonymous with each other. It is now located in its new headquarters at 110 Athinon Street, also called Kavalas Street. The exchange's trading hours are from 10:00am to 05:20pm Monday to Friday, and is closed on Saturdays, Sundays and holidays declared by the Exchange in advance.[8]

Companies

Companies listed on the exchange are regulated by the Hellenic Capital Market Commission.[9] The Securities Market has 241 stocks[10] and the Alternative Market has 14 stocks[11] (19 September 2015). The 241 stocks of the Securities Market are divided into five categories: Main Market (142 stocks),[12] Low Dispersion (12 stocks),[13] Surveillance (36 stocks),[14] Under Suspension (46 stocks)[15] and Under Deletion (5 stocks).[16] For a list of the companies see: List of companies listed on the Athens Exchange.

Other information

The Bloomberg code for the Composite Index is ASE and the Reuters code is .ATG ; this index was launched on 31 December 1980 (35 years ago).[17][18]

Notes and References

  1. ^ See section #Companies
  2. ^ "Markets". helex.gr. 
  3. ^ "Indices – helex.gr". helex.gr. 
  4. ^ Udland, Myles (28 June 2015). "REPORT: Greece's stock market will be closed for at least a week".  
  5. ^ a b "Greek stock market bloodbath as exchange reopens".  
  6. ^ "Market Holidays". Athens Exchange Group. 12 August 2015. Retrieved 12 August 2015. 
  7. ^ Zeynep Copur. "Handbook of Research on Behavioral Finance and Investment Strategies ...". IGI Global. p. 257. Retrieved 3 August 2015. 
  8. ^ Market Hours, Athens Exchange via Wikinvest
  9. ^ "ANNUAL REPORT 2009" (PDF). Hellenic Republic Capital Market Commission. Retrieved 2011-06-07. 
  10. ^ "Stocks, Securities Market – helex.gr". helex.gr. 
  11. ^ "Stocks, Alternative Market– helex.gr". helex.gr. 
  12. ^ "Stocks, Main Market– helex.gr". helex.gr. 
  13. ^ "Stocks, Low Dispersion– helex.gr". helex.gr. 
  14. ^ "Stocks, Surveillance– helex.gr". helex.gr. 
  15. ^ "Stocks, Under Suspension – helex.gr". helex.gr. 
  16. ^ "Stocks, Under Deletion– helex.gr". helex.gr. 
  17. ^ (helex.gr)GDOverview of index
  18. ^ "ASE Quote – Athens Stock Exchange General Index". Bloomberg.com. 

External links

  • Official website
  • Stock prices and daily price changes on the official website
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