BUSINESS

Stocks in Athens tumble 3.15 pct as banks take a hit

TAGS: Stocks

The knock-on effect of the publication last week of European bank stress tests continued to be felt on stock markets across the continent on Tuesday, with the Greek bourse also suffering a fall.

The Athens stock exchange’s general index dropped 3.15 percent to 551.64 points on Tuesday.

It was dragged down by Greek bank shares, with the lenders’ combined index dropping 8.84 percent.

The largest fall was in the value of Piraeus Bank shares, which nosedived 12.33 percent, followed by Eurobank (-11.16 percent), National (10.05 percent) and Alpha (-6.29 percent).

Among large-caps, only Jumbo headed north.

The retailer saw the value of its stock edge up 0.65 percent to 10.76 euros a share.

Tuesday’s turnover was slightly higher than Monday’s, reaching 44.6 million euros.

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