EUROCORP

Financial Morning News 07/03/2013

GREEK FINANCIAL MARKET

The General Index in Athens Stock Exchange (ASE) closed at 967.15 posting losses of 0.29%, in a turnover of €46.88mn.

The troika representatives met yesterday with the Finance Minister Mr. Yiannis Stournaras, the Development Minister Mr. Costis Hatzidakis and the Labor Minister Mr. Yiannis Vroutsis. They discussed about the layoffs in the public sector as well as the opening of closed professions, market deregulation and privatizations. The meeting between troika representatives and the Prime Minister Mr. Antonis Samaras which was due to take place today has been postponed until next week as a number of issues remain unresolved.

Corporate Impacts

  • PPC: The company is expected to sign a contract of €1.4bn for the construction of a new electricity power station in Ptolemaida. The agreement is scheduled to be signed on March 9.
  • Hellenic Petroleum: DEPA posted a 44% drop to €106.3mn in annual profits for 2012, due to a slide in demand and a one-off charge to settle disputes with its biggest client.
  • Technical

    FTSE 25 March future:

      Support levels: 310-306-300. Resistance levels: 324-330-336.

    General Index:

      Support levels: 950-941-910. Resistance levels: 974-985-1,003.

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