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In Greece, Shares Suffers Worst Ever One-Day Fall As Economy Is Obliterated By Capital Controls

Editor by Editor
August 3, 2015
in Uncategorized
In Greece, Shares Suffers Worst Ever One-Day Fall As Economy Is Obliterated By Capital Controls
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  • After remaining closed for about a month, the Athens Stock Exchange finally opened on Monday, albeit with restrictions on local investors – and has taken a major plunge, confirming investor worries.
  • The general price index is currently (13:06) down by 17.02% at 661.73 points, with transactions valued at 28.09 million euros. Banks have taken the hardest hit, with shares dropping by 30%, which blue chips are down by 22.30%.
  • The trading of bank shares will continue as normal, while the fluctuation limits will be +30% and -30%. The working hours of the stock exchange will not be shortened, while short selling will not be allowed, except in the case of special negotiators.
  • In the last session of the ASE before the introduction of capital controls and the bank holiday, on the 26th of June, the general price index closed at 798 points.

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Tags: All Share IndexNews ReviewNigerian stock marketNigerian Stocks
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