Athens Stock Exchange Recording Losses of 7.35% During Third Consecutive Day of Fall



ASE_down_4

New dramatic free fall recorded the Athens Stock Exchange (ASE), which sank to a new year low, amid the worsening climate in the markets due to political uncertainty, while the Greek 10-year bond recorded a worrying increase over 9%.

The concerns coming by the domestic political developments rise in a worldwide level and investors assess the country’s risk, moving to a new “sellout” of Greek shares.

The Greek General Index closed at 827.98 points, recording a fall of 65.73 points or 7.35%. It is the lowest closing level since July 2013, while during the day it fell up to 819.60 points, or 8.29%. In the last three days, the General Index has recoded a fall of 20%, while compared to the beginning of the year, it has declined by 28.79%.

The biggest drop, amongst large caps, was recorded by the equities of Piraeus Port Authority (OLP) with -14.44%, Piraeus Bank with -13.89%, GEK TERNA with – 13.22%, Folli Follie with -12.45%, MIG with -12.31%, Jumbo with -11.83%, Ellaktor with -11.06%, OPAP with -10.86%, Public Power Corporation (PPC) with -10.49%, while the share of the National Bank of Greece (NBG) closed to a new record low, with a drop of 9.38%.

In total, 21 equities recorded gains, 105 loses and 17 remained stable.

The indicators of Health (-13.26%), Trade (-12.44%), Personal Products (-10.68%) and Travel (-9.80%) recorded the biggest loses.

The value of transactions amounted to 180.27 million euros.


2 COMMENTS

  1. And they want foreign investors to come and invest their millions in Greece. Who would want to invest in a country with no political stability???

  2. If the hairs on the back of your neck are rising that’s because Greeks and those foolish enough to invest in the ASE are about to receive another haircut.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.