The General Index of ASE ended below 800 units for the first time since April 1995, forced by the severe pressures triggered by political ineffectiveness against the debt crisis domestically and abroad.
Banks suffered heavy pressures, as cumulative losses for week exceeded 15%, while total capitalization of banks amounts below €6.5 billion after Friday’s closure.
Amid negative climate in international stock markets, the Greek market moved sharply downwards on Friday, burdened by the downgrade of Greek banks by Moody’s, while trading volume and turnover increased, compared with previous sessions.
(source: capital)
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