Greek Stock Market Suspended for Two More Days Amid Bank Closure

The Hellenic stock exchange in Athens on June 22, 2015.

The Hellenic stock exchange in Athens on June 22, 2015.

Photographer: Kostas Tsironis/Bloomberg

Greece’s stock market will remain closed on Tuesday and Wednesday after a bank holiday was extended.

The alternative market of the Athens Exchange will also stay shut, Alexandra Grispou, spokeswoman for the exchange operator, said in e-mailed comments. Equity trading in the debt-ridden country has been suspended since June 29 after the government closed banks and imposed capital controls.

An exchange-traded fund listed in the U.S. is the only play available for Greek stock speculators, with a similar fund with European listings also suspended since last week. The Global X FTSE Greece 20 ETF closed down 7.5 percent yesterday. It traded a record number of shares in the four days through Thursday, plunging 19 percent on the day regulators closed the country’s stock market.

After Greeks voted against austerity measures in a referendum on Sunday, Prime Minister Alexis Tsipras was given hours to come up with a plan to keep his country in the euro. Finance ministers and leaders from the 19-member region gather this afternoon.

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