Greece stock market reopens to challenging results

CCTV News

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Banking stocks were the worst hit the reopening of the Greek stock market with several stocks hitting their maximum daily declines. CCTV’s Eirini Zarkadoula reports from Athens.

Greece stock market reopens to challenging results

Greece stock market reopens to challenging results

Banking stocks were the worst hit the reopening of the Greek stock market with several stocks hitting their maximum daily declines.

More details:

  • The main Athens index fell 16.2 percent on Monday, the worst decline on record, as investors reacted to continuing questions about a new bailout from the European Union and to Greece’s worsening economy.
  • All four major Greek banking stocks were down more than 29 percent in early Tuesday trade.
  • Despite heavy selling, the reopening of the index was seen as positive for the debt-stricken country as it continues to negotiate with international creditors on its third bailout.