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The Athens Stock Exchange reported new losses today, as investors are still concerned about the outcome of the presidential elections in Greece, the procedure for which will start next week.

In particular, at about 2:07 pm, the main price index reported losses of 1.79%, reaching 886.65 points. The value of transactions amounted to 98,360,000 euro allocated among 114,090,000 shares that have changed their ownership.

28 of the 111 equity securities that registered some movement reported a profit, 69, losses and 14 remained unchanged compared to their value at the latest closing.

In individual indices, FTSE that detects the movement of shares of companies with large capitalization recorded losses in the range of -1.91%, reaching 286.57 points.

The FTSEM index of mid-cap companies recorded a decrease of -2.61% to 779.75 points.

As regards equity securities, ΕΒΖ shares reported the highest profit (10.00%) and those of ΑΧΟΝ the largest decline (-20.00%).

The government says it will speed up the presidential elections in Greece, scheduling the first vote in parliament for 17 December.

In a televised address, Prime Minister Antonis Samaras said that this decision was made to put an end to the political uncertainty and proposed Stavros Dimas as head of state.

"After yesterday's collapse it seems losses are beginning to decline. However, the dynamics remains negative as investors are wondering whether the 180 deputies who are required in order for the president to be elected are available or not", said Nikos Koskoletos, analyst at Eurobank Equities.

New losses for Greek bonds

Greek bonds also reported further losses today. Moreover, the yield on three-year securities has significantly increased reaching higher levels than the long-term ones, again because of concerns due to the speeding up of the procedure of the presidential elections.

In particular, the yield on the three-year Greek bonds has increased by 36 basis points to 8.55%, the highest level since the issuance of the bonds in July, and it is higher than the yield on 10-year bonds that has increased by 11 basis points to 8.17%.