The CSE is recording heavy losses (15:08) after the opening of the Athens Stock Exchange. Although the CSE was slightly up until 14.00, the information that ASE would open after the two-day strike in Bank of Greece, led to strong liquidations in banking stocks. By the time this text was in progress, Bank of Cyprus was suffering losses of 3% and Marfin Popular Bank of 4%. The CSE general index is down 3% and the ASE loses 1.6%.

The CSE will remain open until 18.00 today due to the opening of the Athens Stock Exchange at 14.30.

The CSE and ASE announcements are as follows:

CSE

The CSE Council would like to inform the investing public that today’s session will be extended until 18.00 for the Main Market, pursuant to the Transaction Rules.

This decision was taken taking into account the decision of the Athens Stock Exchange to carry out a session starting at 14.30 and ending at 18.00. This exemption was the result of the lifting of the strike measures in Bank of Greece.

Taking into account the operation of the Common CSE-ASE Platform and in order to secure the safe operation of the CSE and to protect the shareholders, the CSE Council decided to extend the trading in the Main Market until 18.00.

ASE

With the completion of the settlement, the trading in the Securities and Derivatives markets of ASE will commence at 14.30 and will end at 18.00. The detailed tuning of the markets will be announced at the ASE website.