Friday October 24, 2014 Search
Weather | Athens
19o C
12o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Benchmark takes a dive as bank stock prices tumble

The Greek bourse sustained quite a plunge on Tuesday, hit hard by the bearish mood that dominated most European markets, as local banks nose-dived 6.20 percent.

The Athens Exchange (ATHEX) general index closed at 1,193.30 points, dropping 3.98 percent from Monday’s 1,242.82 points. The blue chip FTSE/ATHEX 25 contracted 4.27 percent, closing at 384.86 points.

The course of local banks’ stock prices has recently been at odds with the favorable picture of the sector painted by international reports. Greek lenders have been affected by concerns spreading across Europe regarding the outcome of the upcoming stress tests too.

All but one blue chip declined, with Alpha falling 7.74 percent and Piraeus shedding 6.98 percent. Terna Energy added 0.51 percent.

In total 24 stocks secured gains, 113 took losses and 13 stayed put. Turnover amounted to 134.5 million euros, up from Monday’s 56.3 million.

ekathimerini.com , Tuesday Jul 8, 2014 (23:10)  
ECB bank assessment to show 6-billion-euro capital gap, Citi says
ECB vies for third time lucky in European stress tests
Cyprus GDP upgrade seen as boosting bailout exit plans
Tax rate cut in catering sector has paid off
Greek private workers´ union calls 24-hour strike for November 27
The country's umbrella union representing workers in the private sector, known by its Greek acronym GSEE, on Friday called a 24-hour strike for November 27 to protest austerity measures bein...
Finance Minister appeals for support for amendments ahead of vote
Finance Minister Gikas Hardouvelis on Friday called on MPs across the political spectrum to support a series of legislative amendments proposed by his ministry, including a recommendation to...
Inside News
SOCCER
Panathinaikos snatches point at Eindhoven
Panathinaikos offered its fans a glimpse of its glorious past in European competitions snatching a draw at PSV Eindhoven, on an otherwise bad night for Greek soccer in the Europa League, as ...
BASKETBALL
Greens succumb to first loss at Bayern
Panathinaikos’s unbeaten run in all competitions came an end on Thursday as the Greek champion lost 81-75 at Bayern Munich for the Euroleague. Bayern is a team that improves every year, and ...
Inside Sports
COMMENTARY
Tension for tension’s sake?
It is evident that Turkish President Recep Tayyip Erdogan feeds off tension. He would barely have achieved as much as he has – and prevailed – if he had not been so keen to confront a series...
EDITORIAL
Testing ground
The Regional Authority of Attica is a good testing ground for politicians who appear to thrive on accusations to prove whether they can actually solve major problems of a practical nature. T...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Greek private workers´ union calls 24-hour strike for November 27
2. Finance Minister appeals for support for amendments ahead of vote
3. Credit line only open to Greece if it meets economic targets, sources say
4. ECB bank assessment to show 6-billion-euro capital gap, Citi says
5. Venizelos slams Turkey for ´flagrant violation of international law´ off Cyprus
6. ECB vies for third time lucky in European stress tests
more news
Today
This Week
1. Woman killed in tram accident in Floisvo, south of Athens
2. Clocks to go back 1 hour on Sunday
3. ECB vies for third time lucky in European stress tests
4. Cyprus GDP upgrade seen as boosting bailout exit plans
5. Cyprus president to be released from hospital on Friday following readmission
6. Venizelos slams Turkey for 'flagrant violation of international law' off Cyprus
Today
This Week
1. The past, present and future of the Greek debt crisis
2. Greece’s closed society is central to its current malaise
3. Coalition shooting itself in the foot
4. Greece must stick to reforms, says Schaeuble
5. At least 11 banks to fail European stress tests, three in Greece, report says
6. Cyprus to block Turkey's EU talks after EEZ violation
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.