After remaining closed for about a month, the Athens Stock Exchange finally opened on Monday – albeit with restrictions on local investors – and has taken a major 16.23% plunge, the largest drop in 28 years.
After opening with loses that approached 23%, the general price index closed 668.06 points, down by 16.23%, with transactions valued at 67.66 million euros. Banks took the hardest hit, with shares dropping by 30%, which blue chips are down by 22.30%.
The trading of bank shares will continue as normal, while the fluctuation limits will be +30% and -30%. The working hours of the stock exchange will not be shortened, while short selling will not be allowed, except in the case of special negotiators.
In the last session of the ASE before the introduction of capital controls and the bank holiday, on the 26th of June, the general price index closed at 798 points.
