ASE: General Index marks a sharp drop

At 1089 units

The ASE General Index dipped by 2.31%, moving to 1089 units.

Despite the relatively low volume, bank stocks and Blue Chips received the most pressure after rising by 6% last week.

Sellers, without any direction, simply give away the shares they bought last week.

At the same time, the German Dax index moves with 1.40% gains while other European markets were moving positively this morning.

The Athens transactions were around 31 million euros, with the majority being bank stocks.

Alpha Bank dropped by 3.44% at 0.584 euros. National Bank marked a 4.17% drop at 2.3 euros and Eurobank fell by 2.82% at 0.304 euros. Piraeus Bank dropped  by 2.82% to 1.37 euros while the PPC dropped by 3.08% at 10.08 euros. OTE marked a fall of 2.6% at 10.03 euros, OPAP losses of 2.38% at 11.88 euros while Titan dropped by over 4.4%.