Banks in­dex sheds 63.8 pct in three days

Kathimerini English - - Front Page -

Greek stocks con­tin­ued to slide for a third ses­sion in a row yesterday, with banks suf­fer­ing another dra­matic day with losses of 27 per­cent for their sec­toral in­dex. Banks’ cu­mu­la­tive losses since the re­open­ing of the lo­cal bourse on Mon­day reached 63.8 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.

Eurobank shares dropped to 5 cents af­ter plung­ing 26.76 per­cent yesterday. Pi­raeus Bank ( down 29.59 per­cent) and Al­pha (29.56 per­cent) fared even worse, while Na­tional Bank shrank 24.29 per­cent.

On the other hand, Pi­raeus Port Au­thor­ity recorded an 11.23 per­cent rise, fol­lowed by Coca-Cola HBC (up 7.60 per­cent) and Athens wa­ter com­pany EYDAP (5.89 per­cent).

In to­tal 39 stocks en­joyed growth, 56 suf­fered a de­cline and 16 re­mained un­changed.

Turnover amounted to 81 mil­lion eu­ros, up from Tues­day’s 63.7 mil­lion.

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