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Greek Market Slides Further
The slide of stock and indices of the Athens Stock Exchange to new lows continues on Wednesday, amid thin trading, as concerns about banking sector and the release of sixth instalment remain undiminished.
The General Index moves downwards since the opening with early losses of 2.22% to 719 units, while banks suffer heavier pressures with losses of 6.5%.
The Composite Index is moving downwards from the start of trading up to 2.22% and up to 719 points, while intense pressure to accept 6.47% index of banks retreating to 286.72 points.
FTSE20 records new low at 277.39 units, with only Ellaktor, Jumbo and Viohalco on positive grounds.
Variability returns to the market along with strong pressure in the banking sector will intensify market insecurity and volatility, according to Beta Securities, which expected a negative session opening, as short term positions might limit their exposure in the market today.
Domestic and European political and economic climate remains, for different reasons, negative with US positive macros having only a minor impact, said Beta, expecting a negative session despite low volumes, with new resistance point the 701 units.
On the board, the General Index is at 723.9 units with losses of 1.6% while the trading turnover stands €12.08 million. A total amount of 59 shares decline, 37 rise and 10 remain unchanged.
Banks fell by 5.53% to 289.61 units.
***
Andamento alla Borsa di Atene.
The slide of stock and indices of the Athens Stock Exchange to new lows continues on Wednesday, amid thin trading, as concerns about banking sector and the release of sixth instalment remain undiminished.
The General Index moves downwards since the opening with early losses of 2.22% to 719 units, while banks suffer heavier pressures with losses of 6.5%.
The Composite Index is moving downwards from the start of trading up to 2.22% and up to 719 points, while intense pressure to accept 6.47% index of banks retreating to 286.72 points.
FTSE20 records new low at 277.39 units, with only Ellaktor, Jumbo and Viohalco on positive grounds.
Variability returns to the market along with strong pressure in the banking sector will intensify market insecurity and volatility, according to Beta Securities, which expected a negative session opening, as short term positions might limit their exposure in the market today.
Domestic and European political and economic climate remains, for different reasons, negative with US positive macros having only a minor impact, said Beta, expecting a negative session despite low volumes, with new resistance point the 701 units.
On the board, the General Index is at 723.9 units with losses of 1.6% while the trading turnover stands €12.08 million. A total amount of 59 shares decline, 37 rise and 10 remain unchanged.
Banks fell by 5.53% to 289.61 units.
***
Andamento alla Borsa di Atene.
