Type Stock Exchange | Currency EUR | |
 | ||
Location Athinon Avenue 110, Athens, Greece Founded 1876 (141 years ago) (1876) Owner Hellenic Exchanges S.A. (100%) Key people Iakovos Georganas (Chairman)
Socrates Lazaridis (CEO) | ||
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. In the regulated securities market investors can trade in stocks, bonds, ETFs and other related securities.
Contents
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).
The Athens stock exchange was closed on 27 June 2015 because of the Greek government-debt crisis. 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.
History
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.
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.
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.
Companies and stocks
Companies listed on the exchange are regulated by the Hellenic Capital Market Commission. As of 9 February 2017 on the Athens Stock Exchange 213 companies are represented with 221 stocks. The Securities Market has 208 stocks(200 companies) and the Alternative Market has 13 stocks (13 companies). The stocks of the Securities Market are divided into five categories:
For a list of the companies see: List of companies listed on the Athens Exchange .
Composite Index
The Athens Exchange uses the symbol GD for the Composite Index. The Bloomberg code for this index is ASE; the Reuters code is .ATG . The Composite Index was launched on 31 December 1980 (36 years ago) and has 60 constituents.