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Greece: Stock market opens 23% down after five week shutdown

Monday, August 3, 2015 - 15:44
EUROSTOCKSREUTERS.jpg
European stock markets rose at the start of trading on Monday, with London's benchmark FTSE 100 index gaining 0.43 per cent to 6,579.08 points.

[ATHENS] Greece's stock market fell sharply on Monday after being shut down for five weeks under capital controls imposed by the government in Athens to stop a flight of euros from the country.

The main index was down nearly 23 per cent in early trading. National Bank of Greece, the country's largest commercial bank, was down 30 per cent, the daily limit.

The overall banking index was also down its limit.

The bourse was last open for trading on June 26.

REUTERS