Stocks continue to plunge as market fears for the worst

Greek stocks kept sliding on Tuesday, sending the main index to new 20-year lows after political leaders failed to form a government of any kind in the 12 days following the May 6 election. The prospect of a euro exit is increasingly worrying investors.

The Athens Exchange (ATHEX) general index ended the day at 562.88 points, declining by 3.62 percent from Monday?s closing figure of 584.04 points. The blue chip FTSE/ATHEX 20 index gave up 4.25 percent to close at 212.35 points.

Eurobank EFG, which had outperformed on Monday, was the worst off among blue chips on Tuesday as it fell 10.60 percent. Viohalco contracted 10.09 percent.

In total, 33 stocks recorded gains, 90 posted losses and 18 remained unchanged.

Turnover amounted to 43.4 million euros, against Monday?s 38.9 million.