The Athens Stock Exchange is showing a lack of reaction, which sees liquidations intensifying amid a sell-off across the globe and continues for a third day down after failing to resonate with international recovery trends yesterday.

In particular, the General Index is now down to 1,365 points with a strong 1.8% drop and an increased turnover of €68 million, while 15 million units have been traded.

The banking index leads the losses with -2.1% at 1,162 points, the FTSE high cap is down at 3,313 points with -1.76%, as is the FTSEM mid cap which is down 2% at 2,185 points.

The picture on the board shows a wave of liquidation with few securities remaining out of the sellers' "crosshairs" and banks moving sharply down in unison.

Alpha Bank at -3%, Eurobak at -2.05%National Bank -2% and Piraeus at -1.8%.

Leading the decline in the high cap sector is GEK Terna with strong losses of 4.5%, while Cenergy, Terna Energy and Viohalco are also down more than 3%.

The few supports the market had are gradually disappearing, as Ellaktor and Quest, which were the only positive stocks in the 25 by halfway through the session, are also moving into negative territory.

With small losses of less than 1% in the index, only Mytilineos, OPAP, Sarantis and Coca Cola are now still holding on.

The main sellers' picks based on turnover include OTE with -1.6%, PPC with -2.8%, Motor Oil with -1.3%, ELPE with -1.1%, Lamda with -2.1% and Aegean with -2.7%.

The mid-cap sector shows a similar picture, where only Epsilon is rescued but with a small gain of 0.7%.Beyond that Ideal loses 4.5% and Avax, Fourlis, Lavipharm all fall more than 3%.