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ASE: Ended With Heavy Losses for Greek Banks

The trading session of Athens Stock Exchange on Monday ended with heavy losses for Greek banks, as the banking index fell to new 22-year lows.
Only a few shares ended in green across FTSE20 index, amid the overall downward trend in the Greek market, while the General Index posted intraday losses of 2.23%, very close to new lows.
Market analysts comment that today’s picture was aligned with the overall negative climate in major European bourses, in the wake of last week’s EU Summit resolutions. However, the domestic news flow weighs also on the Greek market.
Among them are given uncertainties in the banking sector due to the implementation of the PSI program.
On Monday, the General Index ended with losses of 2.08% at 661.77 units, with volume of 31.83 million units and turnover of €32.68 million. Banks fell by 9.37% to 237.51%.
(source: capital)

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