The Athens Stock Exchange (ATHEX) was among the global best performers last month, July 2024, mirroring or even exceeding the positive climate in international markets and consecutive record highs posted by the S&P 500 index – all before the Aug. 5 ‘mini crash’ brought back memories of the infamous “Black Monday” of October 1987.
The general index of the Athens bourse ended the month up 5.26%, which was the third best performance worldwide.
Another significant factor linked with ATHEX’s rise in July –before the early August turbulence stemming from a rate hike in Japan and concerns over a slowing US economy – was the distribution of dividends by listed companies. At four billion euros, they were the highest since 2008.
