Equity prices tumbled at 11 a.m. on Friday on the Athens Stock Exchange (ASE) following the news that Greece would not be making its IMF debt repayment. The basic share price index fell 3.14 percent at 800.99 points and turnover at 10.85 million euros.

The FTSE/ASE Large Cap index for blue chip and heavily traded stocks dropped by 3.23% while the FTSE/ASE Mid Cap index was down 1.69%.

All individual sector indices were moving downwards with the heaviest losses in Banks (-4.64%), Personal and Household Goods (-4.53%), Raw Materials (-3.79%) and Financial Services (-3.72%).

Of the stocks traded, 7 were up, 45 were down and 5 were unchanged.