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Athens News Agency: News in English, 11-11-16

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From: The Athens News Agency at <>


  • [01] Sharp drop of stocks at ASE

  • [01] Sharp drop of stocks at ASE

    AMNA / Stocks suffered heavy losses for the second consecutive session at the Athens Stock Exchange on Wednesday, with bank shares under strong pressure amid concerns over the effects on local banks of a 50-pct haircut in Greek bonds and the spreading of a European debt crisis.

    Market sentiment was also hit by a decision by Morgan Stanley to remove the shares of Alpha Bank, Cyprus Bank, Eurobank and PPC from its international indices (MSCI Global Standard Indices).

    The composite index fell 2.41 pct to end at 717.93 points, with turnover shrinking to 37.703 million euros. Alpha Bank (11.76 pct), Cyprus Bank (15.63 pct), Eurobank (12.35 pct) and PPC (5.86 pct) suffered heavy losses, while Marfin Popular Bank (11.01 pct), Piraeus Bank (8.70 pct) and National Bank (4.30 pct) ended lower among blue chip stocks. Ellaktor (4.24 pct) and Viohalco (1.33 pct) ended higher. AMNA

    Athens News Agency: News in English Directory - Previous Article - Next Article
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