Athens Stock Exchange had a real bad day today, with the General Index closing at 502.52 points and suffering losses of 4.53%.
“Fully … unfortified was the Greek market, in a successive 22-year low, unable at the moment even for a technical reaction.
On Thursday, the General Index managed with difficulty to be kept marginally above 500 units, however intraday was found below the level of 500 units (-5.06%), for the first time since January 1990.
Despite the big losses that preceded, the banking index ended at new day’s low, with all the titles completing in red territory.
For the large cap index, the losses so far in May (in 17 meetings) reached 30.88%, while at the same time the General Index slumps 28.20% for the same period and banks 30.38 %.
According to market analysts, the uncertain political situation and the limited expectations for the outcome of the new election at June 17, create a “forbidden area” for investors inside and outside the Greek board.
On Thursday, the General Index lost 4.53% at 502.52 points. Across the board, 97 stocks closed in negative territory, 35 supported and 144 remained unchanged.
The banking index ended at 194.10 points, down 5.56%. “
source: Capital.gr
