GREEK FINANCIAL MARKET
The General Index in Athens Stock Exchange (ASE) closed at 819.03 posting losses of 0.58%, in a turnover of €79.08mn.
A senior euro-zone official said that Greece could face up to three months without aid, if fraught talks over Greece’s bailout between the government and the troika do not conclude before the euro-zone meeting on Monday. The official said that this was a worst-case scenario and Greece did not need much funding for July and August. He also mentioned the possibility of chopping up the pending €8.1bn tranche into sub-tranches, but noted there will not be another opportunity in the course of the summer for the euro-zone finance ministers to meet and approve disbursements.
The Administrative Reform Minister Mr. Kyriakos Mitsotakis will meet the troika today at 10 am. The pending issues at the Administrative Reform Ministry were an extension for the induction of 12,5k civil servants into a so-called mobility scheme. Troika officials were also expected to visit the Ministry of Interior and the discussion was expected to focus on matters such as possible municipal staff layoffs. In addition, troika officials will meet with the Prime Minister Mr. Antonis Samaras.
- OPAP: The main stakeholder in the Greek-Czech consortium Emma Delta Mr. Jiri Smejc said that they will proceed to the completion of the transaction for the acquisition of 33% stake in the company and then they will examine the contract for the operation of state lotteries that the current management of OPAP is about to sign. The OPAP sale is now expected to be completed by September.
FTSE 25 September future:
- Support levels: 270-266-258. Resistance levels: 288-296-302.
- Support levels: 810-796-760. Resistance levels: 844-860-884.
The information that EUROCORP (henceforth the “Company”) provides via the web page eurocorp.gr, can be used only for informative aims and not for commercial, investment or other purposes. They cannot be considered as offer, advice, or proposal for purchase or sale of securities issued by companies that are reported in the web page of the Company, or as prompt on the realisation of any form of investments. The Company is not by any chance accountable for commercial or investment decisions that will be taken based on this information.
The information emanates from sources that are available in public and are generally considered reliable. The Company overwhelm each possible effort for the verification of the validity of this information. Nevertheless, the Company is not committed as for the precision, plenitude and safety of information and consequently no responsibility arises for the company from the use of this information.
The use of web page eurocorp.gr is under the exclusive responsibility of each user, who accepts that the information and services, are provided “as such” and “depending on the availability”, without any guarantee of the Company, indicatively reported the guarantees of satisfactory quality or appropriateness for concrete aims.
You will need Adobe Reader to open the files. If you do not have it already, you may download it from Adobe’s website by clicking the icon on the right.