Greek stock market loses 20% in one week

19 November 2018
249 Views

The Greek stock market is plummeting, losing up to 20% in the past week. For the fourth day in a row, after it closed last Friday, bank shares dropped, with National Bank of Greece, Piraeus, and Eurobank having a capitalisation of less than 1billion euros combined.

The bank shares broke lost up to 8-9%, but by noon the fall had spiked.

Alpha bank lost 3.97%, while NBG fell by 5,86%. Eurobank dropped 2.06% to 0.4754 euros, while Piraeus Bank lost 5.27% to 0.97 euros.

The Athens General Index closed at 617.18 points, losing 1.36% while intraday losses stood at 2%. On a weekly basis, the losses surpassed 20%. The rapid liquidation was the result of a report by Wood that MSCI’s outflows would be higher, but the fall was a general trend in the including stocks which increased their indexing or remained in the Indexes of the MSCI.

You may be interested

Lotto results: 19/06/2019
GREECE
shares19 views
GREECE
shares19 views

Lotto results: 19/06/2019

Panos - Jun 19, 2019

The winning numbers from the Lotto draw are as follows:

The Turkish-Cypriots decided to annex the “ghost town” of Famagusta!
GREECE
shares19 views
GREECE
shares19 views

The Turkish-Cypriots decided to annex the “ghost town” of Famagusta!

makis - Jun 19, 2019

The “parliament” of the illegal government of the occupied northern Cyprus decided to open Famagusta (a.k.a. Ammochostos or Varosi), which…

Telegraph: Greece ideal destination for families
GREECE
shares37 views
GREECE
shares37 views

Telegraph: Greece ideal destination for families

Panos - Jun 19, 2019

Greece is the ideal family holiday destination, writes British Telegraph in its travel section. The article presents a wide range…

Leave a Comment

Your email address will not be published.