Greek exchange chief says stock market normalising after rout

Euronext Athens Holding SA

04/08/2015 11:46

ATHENS, Aug 4 (Reuters) - The head of the Greek stock market 
said on Tuesday that trading appeared to be settling down after 
the previous day's record losses that followed a five-week shut 
down. 
    "The second day of trading showed clear signs we are moving 
towards a normalisation of the market after the long shutdown," 
said Socrates Lazaridis, chief executive officer of Hellenic 
Exchanges. 
    "Of the 25 constituent stocks on the FTSE large cap index, 
20 are trading positively. Only the banks are moving 
negatively," he told a news conference. 
    The Athens General Index  .ATG , which shed a record 16.2 
percent on Monday, was down 1.3 percent on Tuesday. The banking  
index was down around 28 percent, however, having hit the 30 
percent stop-loss trigger on Monday. 
 
 (Reporting by George Georgiopoulios Writing by Jeremy Gaunt) 
 ((michele.kambas@thomsonreuters.com;)) 
 
Keywords: EUROZONE GREECE/STOCKMARKET EXCHANGE