ECONOMY

Greek stocks open 1.38 percent down

Greek stocks open 1.38 percent down

The Athens stock exchange on Wednesday opened with a 1.38-percent drop in a turbulent week for Greek shares, after the end of a five-week shutdown sparked the biggest drop in the bourses history.

The ATHEX index stood at 650.81 points with analysts warily watching Greek banks, which took a beating in the last two days of trade.

The index on Tuesday finished 1.22 percent down after suffering its steepest ever fall of 16.32 percent on Monday when trading resumed after a five-week shutdown imposed by the country's debt crisis.

Banking shares have fallen close to the maximum 30 percent allowed for two straight days.

[AFP]

Euro Finance Markets

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.

READ MORE
Greek market divides as banks sink, other shares rise
ECONOMY

Greek market divides as banks sink, other shares rise

Greek exchange chief says stock market normalising after rout
ECONOMY

Greek exchange chief says stock market normalising after rout

Greek banks weigh down stocks as bailout talks grind on
ECONOMY

Greek banks weigh down stocks as bailout talks grind on

Short seller Yu ‘wildly bullish’ on Greece in euro exit scenario
ECONOMY

Short seller Yu ‘wildly bullish’ on Greece in euro exit scenario

Greek stocks fall for 2nd day, extending biggest rout in decades
ECONOMY

Greek stocks fall for 2nd day, extending biggest rout in decades

No relief in sight for Greek traders groping With exchange curbs
ECONOMY

No relief in sight for Greek traders groping With exchange curbs