ATHENS, Aug 3 (Reuters) – Greece’s stock market plunged nearly 23 percent on Monday when it opened after a five-week shutdown brought on by fears the country was about to be dumped from the euro zone. The main Athens stock index .ATG plunged in its worst ever one-day performance after only a few minutes of trading. Banking shares, which make up about 20 percent of the index, were particularly hard hit. National Bank of Greece (NBGr.AT), the country’s largest commercial bank, was down 30 percent, the daily volatility limit. The overall banking index .FTATBNK was also down to its 30 percent limit. The nearest blue chip futures contract expiring in August ATFQ5 traded down 20.5 percent, adding to losses of 15.2 percent at the open. “Most of the selling pressure is seen in bank shares, where there is about 100 million euros worth of unexecuted selling orders,” said investment adviser
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