OpenCalais Metadata: Ticker


S&P demotion sends Greek stocks lower

The demotion of the local bourse from developed to emerging market status by Standard & Poor’s had an instant impact on Greek stocks on Tuesday, resulting in the benchmark’s biggest drop in 26 sessions on a day when most international markets headed south. Turnover however rose to its highest level in the last five sessions.

Hopeful talk fails to help as local stocks take a tumble

Despite talk that Greece’s credit rating is set for an upgrade by Standard & Poor’s, along with estimates that the local credit sector won’t face any additional requirements following the stress tests, the local stock market sustained significant losses on Tuesday, with banks being the worst hit.