Fortis shares closed 78 percent lower in Amsterdam trading on Tuesday as the bank relisted as a stripped-down insurer, a week after it was forced to sell its main business to the Belgian, Dutch and Luxembourg governments.
Shares of Fortis, once the biggest Belgian and Dutch bank, closed at euro1.21 (US$1.65) after regulators lifted a six-day suspension on trading. Fortis' drop pushed the entire Amsterdam exchange down 0.27 percent.
Asked for a reaction to the latest drop in Fortis' share price, CEO Filip Dierckx told reporters on a conference call: "The market is never wrong."
The shares have dropped nearly 90 percent since the start of …
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