ECONOMY

Greek bourse dips on bank losses

greek-bourse-dips-on-bank-losses

Nosediving bank shares dragged the Athens Stock Exchange a little lower on Tuesday.

The general index closed at 673.18 points, 1.14 percent lower than on Monday.

Investors divesting themselves of bank shares was the key factor in the decline due to ongoing concerns about the implications of the stress tests being carried out.

Piraeus Bank led the way in terms of negative numbers as its shares fell by 14.07 percent, followed by Eurobank, which saw its share value drop by 12.07 percent.

Overall, bank shares were down by 8.32 percent.