International investors continued to have a strong presence on the Athens Stock Exchange in March, despite the bank sell-offs that shook the US and European markets and sent the Greek market to its first month of losses after five months of continuous growth. .

In the first quarter of 2023, capital inflows from international investors amounted to 260 million euros, of which about 60 million euros came in March. In fact, foreign investors increased their participation in the market in March, as 64% of the total capitalization was invested in them from 63.4% in February. At the same time, in the first quarter there was an “explosion” of new codes on A.E. year on year as the active portion was 27,000 vs. 21,600 in the first quarter of 2022, representing an increase of 24.5%. Total capitalization of A.A. reached 73.4 billion euros, the highest monthly market valuation since March 2010.

In the first quarter, capital inflows from international investors amounted to 260 million euros.

According to market participants, the above indicates that investment interest in Greek equities remains significant and the elections announced the previous month pose no risk to foreign portfolios as they look to restore Greece’s investment rating, which means increased inflows and estimates in AX, supporting the stock exchange update later and through the end of 2024 to mid-2025.

At the same time, the fact that, as announced by institutions and investment houses, Greek banks have strong protection against banking shocks due to favorable economic conditions, stabilization of loan quality, improved profitability, their stable capital position and strong liquidity and financial positions, keeps the sector in the field of view of foreign investors. This also explains the outperforming performance of the Greek banking index in the first quarter, recording an increase of 18.6% compared to a 3.9% increase in the pan-European Stoxx 600 Banks index.