Reports indicate that Mark Mobius, Executive Chairman of Templeton Emerging Markets Group and known as the "Godfather of Emerging Markets," has stated that he is ready to return to the Greek stock market, believing that the country has economic growth potential.
It is reported that Mobius intends to return to the Greek stock market within a year. Since August 1, the Athens Stock Exchange Composite Index has risen by approximately 33%, closing at 1196.34 points on Monday. So far in October, the Greek stock market has increased by 18%; year-to-date, the increase is 32%.
The American Depositary Shares of the National Bank of Greece surged by about 55% in October trading, reaching $6.29 on Monday, the highest level since early June; however, compared to the same period last year, the price of the bank's American Depositary Shares has still significantly dropped by 64.5%. A trader believes that the stock price may rise to $8 before the end of the year.
