Shares in Athens suffered a blow on Wednesday, despite Europe’s gains. Traders argue that foreign emerging funds gradually reduce positions, following the upgrade rating by DBRS which gave back to Greece the instalment grade status. Still, the fiscal cost of recent disastrous floods and its impact on the country’s growth prospects remains unclear, as crucial information in unavailable for now. 

 

 

The general share index shed 2.2% to close at 1200 points, a four-month low. Turnover amounted to 131 million euros. 

 

Banks were battered for another day, with aggregate losses of 3.6%. Piraeus lost over 6%. 

 

Also, Jumbo and Aegean fell 5.1% each, Mytilineos -4.4%.