ATHEX to reopen after bank IT tests

ATHEX to reopen after bank IT tests

The Athens Exchange will reopen on Monday, the head of the Capital Market Commission, Costas Botopoulos, said late on Wednesday in an interview with state broadcaster ERT.

Botopoulos explained that for the stock market to open for the first time since June 26, banks will have to complete their information technology adjustments to accommodate limitations imposed by capital controls on Greek traders. He said the banks’ tests should be completed by this weekend, so that the Athens Exchange can resume trading on Monday.

For the market to reopen, it will also take a ministerial decision based on a joint proposal of the commission and the Bank of Greece.

Meanwhile, MSCI will make no changes to its Greek stock indexes in the context of its quarterly revision of August, according to a report by Eurobank Equities.

Once the market reopens it will have the new stock of blue chip Viohalco listed, following the absorption of Sidenor, as Hellenic Exchanges decided this week.

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