Foreign Investors Increase Holdings On Greek Bourse in May

Foreign investors increased their holdings of stocks listed on the Greek stock exchange in May, according to data released by Hellenic Exchanges SA, the operator of the Athens bourse.

Non-resident investors held 51.2 percent of the market value of all stocks listed on the Athens Stock Exchange in May, compared with 49.55 percent in May 2010. In April, foreign investors owned 50.8 percent, according to figures released on May 6.

Greece’s benchmark ASE share index has lost 8.4 percent so far this year, as the Greek government pushes to pass 78 billion euros in additional fiscal measures and assets sales through 2015 and convince investors that it won’t have to restructure its debt. Foreign investors accounted for 50.5 percent of total turnover in May, according to today’s statement.

To contact the editor responsible for this story: Angela Cullen at acullen@bloomberg.net

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