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The Athens Stock Exchange continues its downward trend in line with the events associated with the crucial meeting of the Eurogroup, which is expected to give some signs of the progress in the talks between Greece and its official lenders.

At 1:55 pm, the main index recorded a 3.58% drop to reach 796.75 points, while turnover was in the range of 37.5 million euro. The FTSE25 index lost 3.55% of its value to reach 236.07 points, while the banking index recorded a decline of 6.11% to 655.74 points.

Over the past hour the stock exchange has been in an unusual wait-and-see position - sellers have stopped all orders and there are no buyers because they prefer to obtain bids at lower levels. It is clear that the market is now calmly following the data flow associated with today's extraordinary meeting of the Eurogroup on Greece, without taking actions that might disrupt the balance achieved in the first two hours after the opening of the stock exchange.

Indicative of investor behaviour today is the fact that turnover is still below 40 million euro, while only in the first half hour of today's session it had exceeded 15 million euro. Therefore, investors have turned yesterday’s gains into liquidity, now awaiting the developments, decoding the messages sent by European and Greek senior sources shortly before the start of today's meeting of euro zone finance ministers.

In this situation and in the absence of buyers, the value of shares remains unchanged from the beginning of today's session. In particular, the shares of the National Bank are at -10.18% levels and amount to 0.9880 euro, those of Alpha Bank reached -5.72%, amounting to 0.3130 euro, those of Eurobank are in the range of -3.42% and are now worth 0.1410 euro and the shares of Piraeus Bank dropped by 4.83% to amount to 0.5720 euro.

Meanwhile, a tender for the sale of three-month treasury bills took place today, and at a higher interest rate, 2.50%, compared to the same auction in January, when the rate was in the range of 2.15%. Thus, the Greek Treasury obtained 1.138 billion euro.

The submitted bids totalled 1.138 billion euro, which covered 1.3 times the required amount of 75 million euro.

The state accepted bids up to the amount traded and non-competitive bids amounting to 262.5 million euro.