54 55
The Federation of Euro-Asian Capital Markets
About Company
Athens Stock Exchange
Established: 1876
Chairman: Mr. George Handjinicolaou
Address: 110 Athinon Avenue, 104 42,
Athens, Greece
Contact person: Nikolaos Porfyris
Email: N.Porfyris@athexgroup.gr
Website: www.athexgroup.gr
- Joined FEAS in 2017-
Yianos Kontopoulos
Chief Executive Officer
2024 was another solid year for the Athens Stock Exchange, characterized by resilience and growth. The ATHEX Composite Index climbed to 1,469.5 points, achieving a 13.7% annual return and ranking 6th among 22 European markets. This marked the fourth consecutive year of growth for the ATHEX Index, with an impressive cumulative return of 81.7%, far exceeding the MSCI All Country Index's 30.2% return.
In terms of market performance, our market capitalization reached €103.8 billion on December 31, 2024, surpassing the €100 billion mark for the first time since November 2009, reflecting renewed investor confidence. Daily trading activity surged by 26%, averaging €140 million, nearly doubling in volume over the past two years.
In 2024, seven companies joined the Athens Stock Exchange, with four listings on the Main Market, one on the Alternative Market (EN.A), and two in the Bond Market. Additionally, IPOs and equity offerings raised a substantial €2.2 billion, while private placements attracted €2.6 billion, showcasing our robust capital-raising performance.
A notable highlight was the Athens International Airport IPO, which raised €785 million and was oversubscribed 12 times—the largest IPO since 2006. Foreign investors reinforced their trust in the Greek market, now representing 65.4% of market capitalization and 58% of trading activity.
We also achieved stronger balance sheets and profitability among ATHEX-listed companies, with cash distributions to shareholders totaling €4.2 billion, resulting in a remarkable 4.5% distribution yield. Furthermore, ATHEX's inclusion in the S&P DJI and FTSE Russell watchlists for upgrading to a Developed Market reflects our market’s growing maturity. Lastly, we completed our rebranding in 2024, unveiling a fresh identity that embodies our strategic vision for growth, innovation, and a sustainable future for the Greek capital market.
In 2024, one of the biggest challenges we faced was adapting to rapid changes in technology and market demands. The necessity to upgrade our systems and implement new digital tools, as well as enhance our online services, required substantial investment and resource allocation. As a result of this effort, we successfully upgraded our trading system, OASIS, which now delivers ultra-low latency of less than 1 ms and processing capabilities exceeding 2,500 messages per second.
Year in review