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


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.