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Athens Stock Exchange opening: Fall 10.8 pct

Featured Athens Stock Exchange opening: Fall 10.8 pct

Equity prices were significantly dropping on the Athens Stock Exchange (ASE) on Monday. The basic share price index was down 10.80 percent, standing at 610.81 points at 11.00 and turnover was at 9.97 million euros.

The stock market earlier fell at 600 points, at the lowest level since December 2018.

The FTSE/ASE Large Cap index for blue chip and heavily traded stocks was down 10.11 percent and the FTSE/ASE Mid Cap index was down 11.33 percent.

All individual sector indices were moving downwards with the heaviest losses in Banks (-17.37 percent) and in Utilities (-14.15 percent).

Of the stocks traded, 1 was up, 72 were down and 7 were unchanged.

Pundits ascribe the drop to the emergence of the new coronavirus.