The Greek stock market lost five billion euros in value in the first quarter of 2016, posting continuous losses up until mid-February, followed by a gradual upswing – punctuated by losses – until today. The general index of the Athens Stock Exchange (ASE) closed at 631 points in 2015, only to fall to 440 in mid-February, its lowest point of the year.
After spurts and stalls, the market stood at 577 points this week, with the significant banking sector leading losers, down 24.2 percent.
March saw the market rebound, with the general index up 11.7 percent.
The March fillip brought the ASE from 44th – and last place amongst major stockmarkets in the world – to 39th place.
