Nightmare reopening for the Athens Stock Exchange. After five weeks of forced pause, trading on the Greek market resumed this morning, losing 22,8% in just a few minutes.
Heavy sales in all sectors, including financials, down 20%, dragged down by the leading Greek commercial bank, the National Bank of Greece, down 30%.
The Greek list it had been closed since 29 June, the day on which – due to the liquidity crisis – it was also decided to close the banks (later reopened on 20 July).
Today trading has restarted, albeit with some limitations: local investors will not be able to finance the purchase of securities by withdrawing money from their bank accounts in Greece, but will be able to use money from funds transferred abroad or from cash deposits .
For foreign investors, on the other hand, there are no restrictions of this type, but only operators already active on the Greek market before the imposition of capital controls at the end of June are admitted to trading.
