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ASE: Bank Index Dive, Focus on PSI

Banks lost 7,9% at Athens Stock Exchange on Tuesday, while the sentiment remained fragile concerning the negotiations for the PSI.
The scenarios of a potential haircut over 50%, remains on the spot line, in a period that BlackRock’s result about the loan portfolios of banks, haven’t published yet.
However, Deputy Finance Minister Philippos Sachinidis through a letter sent to the House, informed that one of the negotiated parameters is the “law” of the new bonds.
On the board, the General Index closed at 665.38 points loosing 1.20%, having been found to fall, in intraday trade up to 1.72%.
For the bank’s index, which was declining up to 8.43%, the losses amounted to 7.90% at 236.75 units.
On Tuesday the trading volume stood at 17.64 million units worth 18.93 million euros. . Of the stocks traded, 95 were down, 45 were up, and 115 were unchanged.
(source: capital)

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