By I. Zafolia
June 2016 was a particularly negative month for the Athens Stock Exchange (ASE), as it lost 7.3 billion euros in value, or 16.2 percent.
The biggest losses were in blue chips stocks, 19.14 percent, with the banking sector again leading losers, down 37.13 percent over the same month.
In terms of the first six-month period, the ASE general index was down 14.13 percent, with losses roughly eight billion euros. The bank share index, in fact, is down 41 percent since the beginning of the year.
June’s poor performance at the ASE was aggravated towards the end of the month with the result of the UK referendum.
