The signs of nervousness that were felt in the negotiations on the Athens Stock Exchange led the main Greek index falling 9.24% at its meeting on Wednesday, with banks facing losses of more than 25%.
The plummeting happened the day that the new Government, led by Alexis Tsipras, reaffirmed the priority to renegotiate the debt and gave for granted the suspension of the privatization process, the energy sector ports.
The ASE index, which are listed 20 leading companies in Greece, only five escaped the losses in the session on Wednesday. Among the 15 that ended in negative territory, the major devaluations fit the banks more vulnerable to investor risk perception.
The Piraeus led the falls, when sliding 29.26%, followed by Alpha Bank, who fell 26.76%. With very close falls, above 25%, also ended the actions of Eurobank Ergasias and National Bank of Greece. The fall of the banking sector, the most penalized in recent days, reaches 40% since Sunday’s elections.
Even with a decline in the double-digit, 13.9%, ended the electrical PPC , a public company whose privatization process was caught today by the new government. The guarantee was left in the morning by the new Minister of Production, Environment and Energy Panayiotis Lafazanis, which ensured that the carrier will remain under state control, which owns the company a 51.12% stake.
Suspension was also the privatization of the port of Piraeus, in the capital, the sale of which was, according to Reuters, the target of Chinese Cosco, shipping merchandise category, and four other interested parties.
At the market debt, the interest of the Greek ten-year bonds approached again 11% and the increase was felt also in securities with a maturity of five years, which came in the morning the highest since the restructuring process debt in 2012, rising to 13.69%.
Rising interest was more nuanced in the Portuguese case and was not true for Spanish bonds, which were falling on Wednesday.
In the European markets, the reference data showed no clear trend -. each closed with slight losses, others with limited gains, depending on the business results that continue to be known this week
The Exchange Lisbon ended in fall, with the PSI-20 download 1.5%, mainly a result of pressure on banks. The AEX, the square of Amsterdam, depreciated 0.48% in Paris the CAC 40 ended on the negative side, losing 0.29% and the FTSE MIB Milan slid 0.81%. Have Frankfurt German DAX closed up, the value 0.78%, the FTSE 100 in London advanced 0.21% and the BEL 20 in Brussels rose 0.29%.
In the United States, the trend is also positive, with investors awaiting the meeting of the Federal Reserve and the US to respond positively to business results.
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