(DPA) .- After more than a month, the Athens Stock Exchange Greece reopened its doors today, however, suffered the biggest drop in its history and which fell at the beginning of the day, at 23%, to finally close with a drop of 16%.
At noon, all indicators were in red, even DEI companies like electric or gambling Opap, which suffered heavy losses. These results led to the listing of three banks was suspended.
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Given this scenario, the chairman of the Capital Market, Kostas Botopoulos said, local television Skai, which provide that in the first days of trading have many losses. “The Exchange (…) suffer pressures. And so the banks, considering that should recapitalize,” he said.
“The crisis is not yet completed in Greece and thus not on the Athens Stock Exchange, “stated DPA specialist market strategist Oliver Roth. Meanwhile, other brokers, noted that “was clearly going to be a ‘black Monday’ but had to have a beginning that at some point we return to normal”.
At the moment there are limitations on securities transactions. Investors who have their money in Greek banks can only buy or sell securities if they pay in cash or make money from abroad, said Botopoulos.
BACKGROUND
The closing of the Athens Stock Exchange was adopted as part of capital controls imposed on June 29 to avoid collapse the Hellenes banks. In the months before the Greeks took billions of euros from their accounts at the uncertainty about the economic situation.
Until August 20 Greece has to repay 3,200 million euros the European Central Bank (ECB). In the conversations the bank, experts from the European Union (EU), the International Monetary Fund (IMF) and the European Stability Mechanism (ESM).
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