Greek bank shares plunge for third day, stock market down 1.3 percent

Greek bank shares plunge for third day, stock market down 1.3 percent

Thomson ReutersA man walks inside the Athens Stock Exchange in Greece

ATHENS (Reuters) – Greek bank shares sold off sharply pressure for the third day in a row on Wednesday with the bank sector share index losing 14.8 percent in early deals.

The broader market reversed small opening gains to trade lower, dragged down by the banks which comprise about 20 percent of the main index.

Athens bourse’s benchmark general index traded 1.28 percent lower after losses of 1.2 percent on Tuesday.

(Reporting by George Georgiopoulos Editing by Jeremy Gaunt)

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Greek bank shares plunge for third day, stock market down 1.3 percent

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