Greek stock market crashing

20 November 2018
227 Views

The Greek Stock market is on the verge of collapse, as the General Index dropped below the psychological 600-point threshold to 593.05 points. Heavy sell-offs continued with bank shares coming under immense pressure as losses ranged from 15-28% in a single week.

The domino of negative developments began with investor withdrawals from the MSCI Index due to three banks being struck off. However, as it turned out today, the decline was even higher even for stocks remaining in the MSCI Index, such as Alpha Bank’s share which lost more than 8% and about 200 million euros from its capitalisation.

Uncertainty coupled with the absence of strong buyers and simultaneous shorting make the climate extremely dark, while the uncertainty of the non performing loans in the Greek banks has left investors away.

The National Bank of Greece dropped 4.11% to 1,007 and 3.7 million. Eurobank recorded a 5.97% drop to € 0.447. Piraeus Bank dropped 3.09% to € 0.94 and € 1.7 million.

You may be interested

JOKER results: 16/06/2019
GREECE
shares30 views
GREECE
shares30 views

JOKER results: 16/06/2019

Panos - Jun 16, 2019

The winning numbers from the JOKER draw are as follows:

Lotto results: 15/06/2019
GREECE
shares53 views
GREECE
shares53 views

Lotto results: 15/06/2019

Panos - Jun 15, 2019

The winning numbers from the Lotto draw are as follows:

Top 5 Beaches in the Cyclades
GREECE
shares161 views
GREECE
shares161 views

Top 5 Beaches in the Cyclades

Panos - Jun 14, 2019

The Cyclades are filled with beaches ranging from pleasant to amazing, but for those who love lists, here are the…

Leave a Comment

Your email address will not be published.