National Bank Of Greece, Shippers Selling Off… Except For Euroseas

As expected, shares of Greece-based companies were trading lower for the most part on Monday.

Shares of

, one of the largest Greek-based shipping companies by market cap were trading lower by 0.90 percent late Monday morning. The company owns and operates 30 modern high specification vessels which include four Suezmax crude oil tankers.

, a Greek-based owner of container ships saw its shares lower by 5 percent. Small-cap shipping companies, including

were also lower. Shares of DryShips were lower by more than 2 percent and were trading within a penny of its 52-week lows of $0.56. One notable outlier within the shipping sector is

. The provider of ocean-going transportation services (with a market cap of just above $40 million) saw its shares spike higher by more than 4 percent after the company

its 1-for-10 reverse stock split to July 22.

Shares of

were trading lower by nearly 13 percent Monday. The bank is among the largest providers of a range of financial services and investors are seeing its shares drift towards its 52-week lows of $0.88 which were established at the end of June. Greek banks have been closed since last week and were expected to re-open on Tuesday. However, various media reports are now suggesting that the government will extend the forced closures of banks beyond Tuesday.