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Athens Stock Exchange in Free Fall

Athens Stock Exchange opened on Monday morning into free fall as voters “punished” the pro-austerity parties and results end in political uncertainty and big difficulties to form a sustainable government with clear economic stance towards Greece’s lenders.  As of 12:05 pm, the General Index is at 644 units and a drop of -6.63 percent. An hour earlier the General Index recorded a plunge of even -8%.

Investors sell off bank shares (from -15% to -20%), while double-digit losses are recorded also for FTSE20, PPC, OTE, OPAP, Hellenic Petroleum, pushing the General Index to year’s new “low flights”.

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