The British referendum result has caused a worldwide stock market crisis which also affected Athens, where the general price index dropped by 13.42% to 534.78 points.Transactions were valued at 161.67 million euros and the yield of the ten-year bond closed at 8.86%.
Friday’s major drop is the third largest since 1987. On Friday the blue chip index shrunk by 15.85% and the midcap index by 9.75%. In the past week of trading the index has dropped 8.83%, while since the start of the year the index has retreated by 17.55%.
The banking sector suffered 29.68% losses, with Eurobank’s share dropping by 30%, Alpha Bank by 29.66%, Piraeus Bank by 29.60% and the National Bank by 29.45%.
