Greek Stocks End Lower on Third Day of Bourse Reopening

xrimatistirio1After the third day of reopening of the Athens Stock Exchange, bank shares took another dramatic dive reaching a cumulative 63.81 percent loss.

The banking index lost 27 percent at closing on Wednesday, dragging all Greek stocks down. The market value of the four systemic banks — National Bank of Greece, Eurobank, Piraeus and Alpha — fell below 5 billion euros.

Eurobank shares dropped to 5 cents after losing 26.76 percent. Piraeus Bank lost 29.59 percent and Alpha 29.56 percent. National Bank shrank 24.29 percent.

Banks’ cumulative losses since the reopening of the local bourse on Monday reached 63.81 percent, diving to a new historic low of 238.40 points.

The Athens Exchange (ATHEX) general index closed at 643.22 points, shedding 2.53 percent from Tuesday’s 659.94 points. The large-cap FTSE 25 index declined 2.86 percent to end up at 188.88 points.

In total 39 stocks enjoyed growth, 56 suffered losses and 16 remained unchanged. Turnover amounted to 81 million euros, up from Tuesday’s 63.7 million.


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