ASE, ADEX closed due to BoG strike

[Ellinas]

The Athens Stock Exchange (ASE) and Athens Derivatives Exchange (ADEX) will remain closed to trading on Tuesday, due to a strike by employees at the Bank of Greece, the country's central bank.

The Athens stockmarket board of directors announced its decision that trading will not take place on the ASE and ADEX, "aimed at the smooth operation of the stock market, following the problems arising from the employees' strike" at the country's central bank.

The board of directors said in an announcement that due to the ongoing strike by BoG employees, clearing of the transactions was not possible since the central bank's Target system was not in operation.

[Ellinas]

ASE resumes trading

The Athens Stock Exchange (ASE) will resume trading operations at 15.00 local time (13.00 GMT) on Thursday, its board announced hours earlier. The Greek stock market said the trading session will be extended for one hour, with closing time at 17.30 local time.

The Greek bourse was closed for three days after a strike action by the Bank of Greece's employees blocked the country's payment and settlement system