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Athens Stock Exchange Ends at Lowest Level Since 1990

The General Index of Athens Stock Exchange ended at the lowest level since January 1990, recording new losses and having set a new 22-year low intraday.
The small rise of the General Index at the beginning of trading quickly evaporated, with the index moving steadily after in negative territory, with losses reaching 2.95% at 528.49 points. This is the lowest intraday level since January 26, 1990.
The banking index recorded strong variations from 2.45% at the beginning of trading to -3.02%, while the attempt to regain positive territory before the end of transactions was unsuccessful.
The feeling among analysts is that nothing portends a substantial turnaround on the Greek board for the coming days, at least until the election date. For the period of approximately one month in which the country is headed by a caretaker government, the market can do nothing better than to monitor the inside and outside border skirmishes and public attitudes regarding the chances of leaving or remaining in the euro area.
On Tuesday, the General Index closed at 535.96 points yielding 1.58%, with a 27.62 million units of volume and turnover at 42.8 million.
The banking index, with Alpha Bank, Eurobank and Piraeus Bank ending in positive territory, closed down 0.92% at 204.26 points.
(source: capital)

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