Greek markets suffered a bloodbath on Monday, falling by a record 23pc within minutes of the opening bell as investors rushed to sell off stocks during the first full day of trading in more than a month., SIA reports citimng the local media.
Shares in the country's five biggest banks saw the largest declines, dropping by a daily maximum limit of 30pc, as markets resumed trading for the first time since June 28. Athens' benchmark stock exchange made up some losses during the day to close down 16.23pc at 668, its lowest level since September 2012.
The falls mark the worst daily performance for the index since modern records began in 1985, surpassing the 15pc drop during the Wall Street crash of 1987. The decline could not be stemmed by a ban on short-selling, which has been extended despite the bourse re-opening. Greek stocks have now fallen by more than 20pc since Syriza were elected in late January.
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