Greek shares 'set to plunge 20%' as stock exchange reopens

The Athens Stock Exchange is set to plunge by as much as 20% on Monday when trading finally resumes after a five-week closure, traders have predicted.

   The bourse was shut just before the Greek government imposed capital controls at the height of the debt crisis. Traders said they expect sharp losses as a result of pent-up trading and fears about Greece's worsening economy. The stock exchange is due to reopen at 07:30 GMT.

   Takis Zamanis, chief trader at Beta Securities, is among the pessimists. "The possibility of seeing even a single share rise in tomorrow's session is almost zero," he said. "There is a lot of uncertainty about the government's ability to sign the... bailout on time and for possible snap elections."

Πηγή: bbc.com