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> Economy

Athens Exchange makes a powerful fall of 2.83%

Clearance Sale of shares in Athens

Newsroom August 5 06:26

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Clearance Sale of shares in Athens with losses reaching 2.83% at closing while index closed at 1123.39 points.

Index FTSE25 lost support and closed at 359 points. The pressure increased half an hour before the auction as appeared from sales and some blue chips.

The combination of banking-political uncertainty with the concern that exists in the markets abroad creates an explosive mixture, and Athens as a shallow market is the most vulnerable, given that there are no domestic supports.

The bank is “Plumb” that drives the market downwards since the 4 banks make the 80% of transactions.

The market has lost 7% since the 28th of July and proved there is no catalyst that would change the course of the market.

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With 5.08% drop the MIG is 0,425 euro. Dip 3.97% for the EHEA to 7.25 euro and 3.82% for Eurobank. Over 3% drop in OPAP, OTE and a dip 5.96% in Piraeus Bank-which closed at 1.49 euro.

To 112,1 million reached transactions -which is the highest of the season and probably means something for the sequel.

 

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