Calamos Supports Greece

Greek Market Ends Up

ASEAfter a massive sell-off in bank shares, particularly National Bank and Eurobank (-30%) which dragged the Greek stock market significantly lower in the aftermath of Sunday΄s decision to postpone a merger plan between the two banks, the General Index managed to rebound and close higher at the end of the session.
In a volatile trading, by the close Eurobank has posted a 20% gain with Alpha Bank +4.4% and Piraeus Bank +2.5%; National Bank, on the other hand, ends down just over 10%.
Looking ahead, Greece will offer EUR1B of 26-week T-bills at an auction Tuesday.
On the board the General Index ends 0.74% lower at 829.08.
Turnover stood at 56.23 million euros.
(source: capital)

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