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The Athens stock-exchange ended its first day of trading in five weeks 16 % lower, after falling nearly 23 percent after it re opened for the very first time in 5 weeks.

Greek financial stocks were the worst hit with Attica Bank Leader Bank and Eurobank Ergasius, Bank of Piraeus and also the National Bank of Greece were around 30-percent lower or all trading at - the daily volatility limit. Comparable losses were found in additional stocks beyond the banking market also.

The market finished Mon unofficially 16.2 per cent lower, according to a Reuters statement.

There was further bad news for the Greek economy previously, with flash production PMI figures for July down to 30.2 the lowest reading since Markit started compiling datain 1999.

To make things worse, an economic sentiment index for Portugal reach its lowest level since October 2012 with political uncertainty weighing on sentiment and money controls in July, based on the IOBE think-tank that conducted the survey.

Greek dealers told Reuters on Saturday when the stock market exposed, that they expected a torrid evening of deficits. Takis Zamanis, chief trader at Beta Investments, told the news agency that "the chance of finding even one share rise in tomorrow's treatment is nearly no."

"We are not individuals in the marketplace, we are the supervisors and we're waiting to see what happens," Kostas Botopoulos told CNBC Europe's "Squawk Box" Monday.

He stated there would be no state involvement to the market, declaring: "We Are seeking to see when it will strengthen, at which prices, and what the perception of the Greek marketplace is from domestic and overseas traders."

Concentrate for the evening will probably be on the deficits among Greek financial stocks, which represent around 20 percent of the chief Athens catalog. Constraints have already been set in spot to stem capital flight, nonetheless.

Craig Erlam, senior industry expert at currency trading platform OANDA, mentioned the banks had been "hit well from the events of this year and today must be recapitalized in at least."

The rules

Neighborhood investors may face restrictions that reveal the continuing capital controls on banks that are Greek that restrict withdrawals to 60 euros a day. This implies that national investors can just purchase shares with fresh money from abroad or cash they must hand, Reuters reported a week ago. They can also buy shares with cash staying with their security businesses or money originating from safety sales or rewards.

Foreign investors may trade freely, however.

The re-open comes after a prolonged period of financial uncertainty in Portugal.

An eleventh-hour deal between the Greek government and lenders on a third bailout plan for Greece worth 86 million pounds was agreed, however, pulling the country back from the brink of an unparalleled "Grexit" from the one currency partnership. July 20 was then re opened on by Greek banks.

Read MoreGreece's Tsipras on shaky ground, warns of elections

Market analysts warned that Monday was likely to be a day of losses, nevertheless.

"While it might be easy to imply that today's re opening of the Greek stock market is an integral step on the way to some kind of normalization, it's likely to be anything but," based on Michael Hewson, chief markets experts at CMC Markets, who cautioned of "unpredictability and deficits."

Uphill battle

Considering the fact that that the Worldwide Monetary Fund (IMF) - one of the country's lenders- has threatened to take out of a third bailout package without debt-relief granted to Greece, the bailout it self is looking increasingly shaky. Nations like Indonesia battle debt relief for Greece, fearing that it would set precedence for other indebted euro-zone countries.

Time is of the essence for Greece, yet, as it needs a bailout to be agreed (and funds paid) in front of a 3.2 billion-euro debt repayment arrives to the European Central Bank on September 20.

Against this uncertain background, analyst Hewson pointed out that Greece still faced an uphill struggle.

"A side from the truth that we're able to well see some huge losses, there's the small thing that not simply are the the inner politics in Portugal likely to remain tough it is also likely to be extremely problematic to reconcile the jobs the divergent positions of the International Monetary Fund and Indonesia on debt-relief, particularly given the closeness of the next debt deadline on the 20th August."