An extremely speculative game -tolerated by the SEC- was played in Athens. On one side with the stock of National Bank and the miserable speculation of contractors and on the other, the game with polls ahead of elections.

The collapse due to a potentially negative election result is something different from what’s happening with the National bank’s shares.

Since this morning, liquidations made the share reach 2,06 euros, while the stock is dropping by 10,74%, settling at 2.16 euros.

It is obvious that contractors received shares at 2 euros and maybe lower and now they are emptying them over on Greek investors. Many Greek portfolios “broke down”, having bought National Bank shares. The whole image is negative, with other banks such as Alpha Banks and Piraeus, suffering a share loss of over 5%.

The sell-off (while the total volume of transactions exceeded 430 million), brought the General Index at 1.121 units, finally closing marginally higher, at 1123, with a loss of 4.63%.

MIG suffered a “dip” of 9.59%, at 0.443 euros, while Piraeus Bank dropped to 1.63 euros in the wake of yesterday’s agreement.

A fall of 7.66% for Alpha Bank at 0.615 euros. A drop of 4.9% for OTE at 10.1 euros and 4.46% for OPAP at 10.7 euros. Losses of 4.49% for the PPC, at 10.08 euros.

Mitilineos suffered losses of almost 4%, negotiating under 6 euros, Ellaktor dropped by 5.4% at 3.65 euros, and METKA dropped by 2.30% at 11.48 euros.