Greek Stock Rally Holds On as Traders Eye End of Bailout
- Bank stress test results due in May seen key to further gains
- Global X MSCI Greece ETF has seen inflows for past seven weeks
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The European equity market whose fortunes have swung on its country’s bailout dramas is holding on to a market-beating rally as the end of the aid program approaches.
Greece’s ASE Index has almost doubled since a low two years ago, posting the second-best performance among European peers in the past 12 months. While it has been boosted by fresh relief from the country’s creditors in the period, the advance could continue if the economy stays on its recovery path as the bailout program winds down this year, say traders and strategists.