Tuesday, August 4, 2015

Lenders at Record Low Drag Greek Equities Down for Second Day

August 4, 2015

Greek lenders fell to their lowest levels since at least 1995, sending the nation’s stocks lower for a second day.

Piraeus Bank SA slumped 30 percent, the daily maximum allowed by the Athens Stock Exchange. Eurobank Ergasias SA and Alpha Bank AE also tumbled that much, while National Bank of Greece SA fell 28 percent.

The benchmark ASE Index lost 1.2 percent to 659.94 at the close of trading in Athens, paring a retreat of as much as 4.9 percent. It closed at its lowest level since September 2012. The gauge tumbled the most since at least 1987 on Monday, after the exchange reopened following a five-week shutdown.


No comments: