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Tag Archives: ASE

Coronavirus “kills” Greek Stocks, ASE losses at -8.36%

Greek shares dropped over 8% on Monday after a sharp rise in coronavirus cases in neighboring Italy, analysts said. Monday’s session at Athens Stock Exchange concluded with a historic sell off and losses at -8.36%. Turn out was at 181.86 million euros. “The country’s proximity to Italy has clearly triggered …

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Athens Stock Exchange records -6% losses in two-day sell off

The new markets- and business-friendly Greek government could not persuade of the effectiveness of its pre-election promises and the Athens Stock Exchange landed rough on the terrain of the Greek economic realities. In just two days, the General Index recorded losses of -6%. The session on Tuesday closed with -4.28% …

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Snap elections in Greece: Markets party, 10-Y bond yield in historic low

Markets party, the Athens Stock Exchange soars and the yield of Greek 10-year bond reached a historic low on Monday, just hours after Prime Minister Alexis Tsipras called for snap elections. The Athens Stock Exchange opened with a strong +5%, short before 3 o’ clock the ASE recorded a +6.15% …

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Bank of Greece links recent plunge of banks stocks to “interest rates rises”

The Bank of Greece has linked the latest developments in the Athens Stock Exchange and the plunge of Greek banks stocks to exogenous factors such as rises in interest rates internationally and in Greece’s neighbouring countries in particular. In a statement issued on Wednesday, the Bank of Greece stressed among …

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Did traders make friends with SYRIZA? Athens Stock Excange at +3.16%

After three consecutive losses, including horror session of Wednesday with -9.24%,  Athens Stock Exchange recovered on Thursday. Today’s session closed with +3.16% and the General Index at 733 units. More details on ASE wins here and here in Greek. What happened? Traders made friends with leftists of SYRIZA?     …

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Athens Stock Exchange in free fall after PM’s fearmongering speech

I suppose Prime Minister Antonis Samaras had a noble cause when he arranged that his speech to the parliamentary group of Nea Dimokratia should be live on television. The plan backfired. The PM mainly and fiercely attacked left-wing SYRIZA “for bringing back Grexit fears”and had stock marketers sell off even …

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+++Athens Stock Exchange biggest crash since 1987: Losses at -13.04%

Athens Stock Exchange recorded the biggest crash since 1987! In a storm session and a massive sell off  stocks and shares worth more than 212 million euro changed hands and losses reached short before the session closed at -13.04%. Banks losses reached -18.66% (Piraeus), -19.02% (NationalBank) -12.09% (Eurobank) -16.06% (AlphaBank) …

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Athens Stock Exchange rallies with +6%

Athens Stock Exchange ends up on Wednesday after 5 day recess, as positive vibes from IMF report and Morgan Stanley’s opinion about Greek GGB’s keeps optimism in the domestic market. Last week΄s 25bps cut in the ECB΄s key interest rate prompted Frankfurt΄s DAX index to climb to an all-time high …

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Crash in Athens Stock Exchange: -7.20 % at 2:50 p.m.

For second consequent day Athens Stock Exchange felt the pressure of uncertainty over Cyprus. While the general index was suffering losses of -5.80% at 2:45 pm on Wednesday noon, it plunged down to -7.20% by 2:50 and ‘recovered’ at -6.20% five minutes later. I really can’t tell if the sell-off of …

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Athens Stock Exchange plunges despite Cyprus deal

Athens Stock Exchange experiences a bad day hours after the Cyprus bailout deal and the statements of Eurogroup head Jeroen Dijsselbloem that Cyprus rescue plan would be applied also to other eurozone economies. As of 1 o’ clock noon Tuesday,  the General Index is down by 4.10% and below 900 …

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Athens Stock Exchange suffers losses but not as spectacular as feared

The shares of Greek banking sector are under pressure on the Athens Stock Exchange on Tuesday, the first day the ASE opened after the shocking Cyprus bailout proposal. As of 12 o’clock noon, the banking shares were moving at -4.6%, while they were earlier trading at even -5.53%. The General …

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Mini Crash: Athens Stock Exchange Plunges -6,28%

Athens Stock Exchange suffered a mini crach on Monday, plunged by -6.28%, the General Index fell below 820 units and the banking sector with losses of 15% as Greece’s lenders refused to make any concessions on labour rights ‘reforms’ and junior coalition government partner Democratic Left insists on not voting in favor of the …

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Athens Stock Exchange Plunged -6.84%

Bad day for the Greek govenrment, the Euro Zone and consquently for the Athens Stock Exchange. Monday’s session closed with the General Index at 566.79 point. ASE sunk due to uncertainty The General Index of Athens Stock Exchange lost 7% on Monday. The banking index dropped the most, while PPC, …

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