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Tag Archives: ASE

Athens Stock Exchange & Banks in Free Fall

Athens Stock Exchange started with a free fall on Monday morning, just hours after the European leaders agreed on a haircut of 50% to 60% of the Greek debt. At 11:28 am, the General Index suffers losses of -4.60%, while half an hours earlier it recorded losses even of -5%. …

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IMF & Co Give “Green Light” for 8b EUR to Greece

Greece’s lenders representatives in Athens, also known as the “Troika”, released their report on fiscal progress and gave the green light for the 8 billion EUR. The sixth bailout tranche would be released to Greece most likely in early November, after the Eurogroup & IMF approval of the progress report. Finance Minister …

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Athens Stock Exchange Plunges -6.28%

A hurricane hit the Athens Stock Exchange sweeping away stocks of companies and banks. The General Index closed at – 6.28% and 730.33 untis. Banks lost -8.6% where some suffered even two-digit losses.  The concern about the postponement of the Eurogroup meeting and the delay of the 6th tranche layed heavier than …

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11:35 pm Athens Stock Exchange on Free Fall

Athens Stock Exchange is in free fall today, reacting negative to the Eurogroup decision to postpone the sixth bailout tranche, amounting 8 billion euro. Other factors influencing negative are the draft budget for 2012, the forecats for the  deficit for 2011, the negative outlook for the state deficit and the increasing debt. …

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Moody’s Greek Banks Downgrade Sends ASE in Red

Moody΄s Investors Service downgraded the long-term deposit and senior debt ratings of eight Greek banks by two notches. National Bank of Greece, EFG Eurobank Ergasias, Alpha Bank, Piraeus Bank, ATEbank and Attica Bank downgraded to Caa2 from B3, while Emporiki Bank and Geniki Bank downgraded to B3 from B1. All of …

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Athens Stock Exchange hits records

Athens Stocks and Greek banks soar on Monday, hitting records in gains in the wake of the resolutions of the Eurpean Summit in Brussels, last Friday and Saturday. (13:48 local time) Across the board, the General Index is at 1659.39 units, up 5.02% in a turnover of EUR 154,53 million. …

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(UPD) Athens Stock Exchange plunges a day after Moody’s downgrade

Athens Stock Market suffered the heaviest losses since the beginning of the year and plunged at -3.81% and banks down at 6,26% in the shadow of Moody’s downgrade. Athens Stock Exchange is on a falling course and banks experience massive liquidation a day after rating agency Moody’s downgraded Greece’s credit …

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Greek Stock Exchange: "Black Monday"

Shares at the Athens Stock Exchange are traded at the lowest level since 1998! The Index is  down, at 1403,92 units as investors went into a massive sell off. General Index closed at 1.403,92 units losing -5.45% Significants losses for the Banks, – 5.64% Black Friday 04/06 and  Black Monday 07/06 …

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