After cumulative losses of 22.4% in 11 consecutive downward sessions and amid global turbulences caused by the downgrade of U.S. credit ratings, the General Index of ASE closed at triple-digit levels for the first time since January 7, 1997.
The Greek market failed to differentiate from the overall negative sentiment in international stock markets after the rating action, with OTE, OPAP and PPC forced to fresh lows.
On the board, the General Index ended at 998.24 points, with heavy losses of 6.00%. On Monday, 40.35 million units worth €84.66 million, while a total amount of 136 shares declined, 123 remained unchanged and 21 rose.
Banks fell by 4.31% at 705.08 units. Hellenic Postbank dropped by 8.70%, while ATEbank and Alpha Bank declined by 5.88% and 5.76% respectively.
(source: capital)
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