For the first time since January 21, 1997, the banking index of the
Athens Exchange closed below 1,100 units, after a new drop of 5.7% on Monday.
Athens Exchange closed below 1,100 units, after a new drop of 5.7% on Monday.
The General Index ended close to session’s low at a session that showed once again that the scenarios about Greek debt weigh heavily on the domestic market, while the sharp widening of Greek bond spreads and CDS continued reaching new records.
The “finishing stoke” was the downgrade of the outlook of the U.S. credit rating by S&P, which forced into significant losses both European exchanges and Wall Street.
Across the board, the General Index ended at 1,427.49 units, down 2.83%, moving into negative territory for the greatest part of the trading session, with intraday losses of 2.89%. Approximately 32.17 million units worth €91.49m were traded on Monday, while a total amount of 118 shares recorded losses, 29 rose and 135 remained unchanged.
Banks recorded a 14-year low, at 1,084.95 units, down 5.67%. ATEbank, Alpha Bank and Piraeus Bank bore the heaviest pressures, with losses of 7.69%, 7.49% and 7.20% respectively.
Hellenic Postbank fell by 6.89% at €2.84, while Geniki Bank and Attica Bank dropped by around 5.6%. National Bank declined by 5.55% at €5.45, while Eurobank and Bank of Cyprus posted losses of 4.99% and 4.53 respectively.
Across FTSE20, only PPC and Coca-Cola 3E ended in green, with gains of 1.42% and 0.31%. On the other hand, Viohalco, Ellaktor fell by 6.08% and 5.12% respectively, while Titan declined by 3.85% at €17. MIG, OPAP, OTE, Motor Oil and Mytilineos recorded losses of more than 2%.
source: CAPITAL
