Greek Market Posts Hefty Losses

Greek stocks are sharply weaker on Monday, in step with European bourses.
“This sell-off is on imported exogenous negative factors on most international markets and share movements in Athens are magnified by thin trading,” an analyst told Dow Jones Newswires.
“Given the very negative sentiment for stocks internationally, we do not see how the Greek market could escape today from a lower open, despite the attractive valuation for many stocks,” ATE Securities says in its morning report.
The General Index sunk 5.45% at 1,403.92 on a total turnover of EUR141.62 mil.
171 stocks dropped, 17 added and 106 remained unchanged.


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