Greek Stocks Rise as Bond Yields Ease

The move came as global bond markets stabilized after a sharp run-up in yields, helping risk appetite recover across Europe and Wall Street. Traders also pared expectations for more aggressive Federal Reserve tightening after Fed Governor Christopher Waller said he would support keeping rates unchanged if inflation data do not surprise higher; CME FedWatch showed the odds of a near-term rate increase slipping to 48.4% from 63.2% a day earlier.

Lower yields are particularly important for Greek equities because they reduce the discount rate on future earnings and ease financing pressure on companies and banks. They also help support sectors that had been hit by the recent bond selloff, including property, retail and utilities.

Lamda Development led the session with a 7.61% surge, followed by Jumbo at 4.38%, Cenergy at 3.77% and Motor Oil at 2.95%. The banks also firmed, with National Bank up 2.33%, Alpha Bank 2.31%, Piraeus Bank 1.80% and Eurobank 1.55%.

Fundamentals added to the tone. Trade Estates reported a 7.2% rise in rental income and said net profit jumped 59.1%, Quest posted first-half revenue growth of 10% and EBITDA growth of 11%, while Ideal Holdings said sales rose 27% and that it would buy a 25% stake in Kymora for 118.8 million euros. Jumbo said it intends an extraordinary distribution of 1 euro a share after eight-month sales rose 5.8%.

The rebound also reflects expectations that Greece may soon be reclassified into developed markets, a prospect that could draw in fresh foreign inflows and deepen liquidity. With 72 stocks advancing versus 33 decliners, investors appear willing to buy the dip for now, but the market still hinges on whether bond yields keep retreating and whether upcoming inflation and central bank signals confirm the shift.