Sharp bourse decline blamed on fiscal worries
Greek stocks suffered their biggest drop in 17 months on Tuesday after policymakers signaled they may renegotiate the terms of the nation?s bailout. Banks slumped 10 percent, with National Bank shedding 14 percent.
The Athens Exchange (ATHEX) general index ended at 730.33 points, falling 6.28 percent from Monday?s closing figure of 779.29. The blue chip FTSE/ATHEX 20 index declined by 7.61 percent to end at 292.45 points.
All but one blue chip headed south, led by Piareus Bank (down 18.18 percent) and Hellenic Postbank (15.28 percent). Duty Free Shops was the sole nonmover on the day.
In total, 15 stocks moved up, 121 went down and 32 remained unchanged.
Turnover came to just 60.3 million euros, up from Monday?s 31.4 million.
