Greek bank shares sold off sharply for the third day in a row today with buyers yet to emerge on a scale large enough to counter continued dumping of the stocks.
The losses follow a 50 percent plunge in the bank sub-index over the previous two sessions and dragged down the wider Athens market, where non-financials were generally outperforming banks.
The bank sector share index was down 27.5 percent, closing in on the near 30 percent dives seen on both Monday and Tuesday, with millions of shares offered and no bids after early deals.
Shares of Alpha Bank and Piraeus effectively hit the daily loss limit of 30 percent, with peer Eurobank down 26.7 percent and National Bank falling 26.6 percent.
More than 8 million shares in Alpha and 2.6 million shares in Piraeus were being offered for sale, with no bids seen.
Source: Buenos Aires Herald