GREEK FINANCIAL MARKET
The General Index in Athens Stock Exchange (ASE) closed at 1,232.52 posting losses of 0.62%, in a turnover of €74.50mn.
Euro group president Jeroen Dijsselbloem said hat any Greek debt relief will be considered in context of next review.
Greece will sell €1.0bn in 26-Week T-Bills today. We remind that the yield in the previous auction stood at 3.1% with the coverage at 3.1times.
The Greek Prime Minister Mr. Antonis Samaras met with the Saudi Arabia’s Prince Mr. Prince Alwaleed bin Talal bin Abdulaziz Alsaud yesterday. The Prince is chairman of the Kingdom Holding Company (KHC) and he expressed an interest in investing in Greece.
- NBG: The book building for the up to €2.5bn capital increase is starting today and ends on May 8. The allocation is expected to be announced on May 9, while the EGM on May 10 will announce the offering price.
- PPC: The company announced the establishment of a wholly owned subsidiary in Turkey. The company will be engaged in electricity trading, within the framework of PPC’s strategy to expand in growing markets of South East Europe. The new subsidiary is currently undergoing a licensing process by the respective Regulatory Authority for Energy of Turkey.
FTSE 25 May future:
- Support levels: 390-384-378. Resistance levels: 402-410-418.
- Support levels: 1,215-1,200-1,180. Resistance levels: 1,260-1,280-1,300.
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.