Athens Stock Exchange suffers major 7.87% losses on Monday

The Athens Stock Exchange is under pressure and has opened with major losses on Monday, with the general price index...

Athens Stock Exchange suffers major 7.87% losses on Monday

The Athens Stock Exchange was under pressure and closed with major losses on Monday, in what was one of the worst days of trading in decades.

The general price index retreated by a staggering 7.87% and closed at 464.23 points, dropping under 500 points for the first time since 1991. Since the start of the year, about 11 billion euros have been withdrawn from Greek shares, with banks suffering the majority of losses – 7 billion euros.

Transactions were valued at 97.59 million euros, while the yield of the ten-year government bond closed at 10.42%.

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