Greek Banks Recorded New Multi-Year Lows
In thin trade, Greek banks recorded the lowest closure of the last two decades, declining by 7% to levels prior to Alpha Bank-Eurobank deal, amid negative international sentiment.
Large European banks fell by even 10% on Monday, burdened by the debt crisis and Fed’s decision to take legal action against 17 banks (including Royal Bank of Scotland, Barclays, Deutsche Bank, Societe Generale and HSBC Holdings), dragging the major European bourses down.
At the Athens Stock Exchange, Greek banks recorded losses of 6.99% at 501.00 units, just above session low. This is the lowest closure since December 1992.
Alpha Bank and Eurobank suffered the heaviest losses, falling by 10.71% and 9.86% at €1.75 and €1.28 respectively.
TT and Attica Bank dropped by 8.70% and 8.51%, while Piraeus Bank declined by 8.47% to €0.54. Proton Bank, Marfin Popular, National Bank and Bank of Cyprus posted losses of 7.41%, 6.45%, 5.72% and 4.17% respectively.
The General Index ended at 863.90 units with losses of 3.14%, moving in red throughout the trading session. Approximately 22.46 million units of total value €37.11 million traded on Monday, while a total amount of 112 shares declined, 138 remained unchanged and 30 rose.
OPAP topped FTSE20 with profits of 3.91%, closing at session high (€8.78). ELPE and Jumbo gained 0.88% and 0.26% respectively.
On the other hand, -besides banks- Ellakor and Mytilineos fell by 7.74% and 6.93%, while MIG recorded losses of 6.45% at €0.29. PPC and Viohalco declined by 5.57% and 4.97%, while Motor Oil and OTE retreated by 3.69% and 3.57% respectively. Folli Follie, Coca Cola 3E and Titan lost 2.16% and 2.14% and 1.37% respectively.
(capital.gr)