Shares in Italian bank Monte dei Paschi di Siena fell as much as 8% in early trade today and were suspended from trading on the second day of the Italian bank's €3 billion cash call.
Trading in the rights to buy into the share issue was also halted after a 7% drop.
The bank's shares failed to trade for almost the whole day yesterday due to a large gap between buying and selling orders.
At the closing auction a small number of shares traded to leave the closing price at €2.14, up 11.3% from Friday's adjusted reference price.
The rights, which also failed to trade but according to analysts are the true indicator of the market response to the share offer, closed down 18.4%.
