Greeks Banks Plunge Amid Widening Of Bond Spreads
Athens market retreats towards 1,400 units on Wednesday, with the turnover remaining at very low levels.
The violent widening of Greek bond spreads drags the banking index at 1,029.98 units, with losses of 2.9%, an intraday low since January 17, 1997.
A mixture of negative news continues to dominate the domestic market, which still focuses on scenarios for a possible restructuring of Greek debt, in the absence of any positive catalysts, market analysts comment.
They add that the Greek market is still paying the cost of uncertainty of government announcements for privatizations and new fiscal measures, especially in the wake of yesterday’s official revision of Greek deficit at 10.5% of GDP by Eurostat.
Furthermore, the domestic market seems abstracted from foreign macroeconomic data or announcement of financial results for the first quarter of 2011.
Across the board, the General Index is at 1,408.97, down 1.16%m with intraday losses of 1.28%. The turnover stands at €23m, while a total amount of 75 shares decline, 35 rise and 34 remain unchanged.
Banks move downwards by 2.25%, at 1,036.42. Hellenic Postbank falls by 4.51%, while Marfin Popular Bank, Proton Bank and Attica Bank post losses of 3.61%, 3.57% and 3.49% respectively. Piraeus Bank, Eurobank, National Bank and decline by 2.75%, 2.61% and 2.44% respectively.
(capital.gr)
(il quale vendendo si e' gia' risparmiato un bel 5k di ulteriori perdite 
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