By Pierre BertrandShares in Greek banks rose Monday after the country's general election, in which the governing center-right party performed better than expected but still fell short of a majority. At 0953 GMT, shares of Alpha Services & Holding, Piraeus Financial Holdings, Eurobank Ergasias Services & Holdings and the National Bank of Greece were all trading more than 14% higher. Greece's New Democracy emerged with 41% of the vote while Syriza, the main left-leaning opposition, achieved 20%. The analysts added that the result will likely prompt Mitsotakis to trigger new elections this summer rather than try to form a ruling coalition. Write to Pierre Bertrand at pierre.bertrand@wsj.com(END) Dow Jones NewswiresMay 22, 2023 06:43 ET (10:43 GMT)Copyright (c) 2023 Dow Jones & Company, Inc.

Source: Wall Street Journal May 22, 2023 16:47 UTC