EUROCORP

Financial Morning News 08/08/2013

GREEK FINANCIAL MARKET

The General Index in Athens Stock Exchange (ASE) closed at 925.95 posting marginal profits of 0.02%, in a turnover of €33.98mn.

The Prime Minister Mr. Antonis Samaras will meet with the President Mr. Barack Obama at the White House today. The Greek government sees the trip as an opportunity to gain US’s support for Greece’s efforts to emerge from its economic crisis.

Israel, Greece and Cyprus signed an agreement in Nicosia for the linking of their electricity grids via a 2k megawatt underwater cable – known as the EuroAsia Interconnector, which is part of the European Union’s Projects of Common Interest plan.

Corporate Impacts

  • Mytilineos:The group reported for H1’13 net sales of €730.8mn. (+2.3%), EBITDA of €102.2mn (+28%) and net profits of €12.5mn (+47%). The net debt decreased by €170mn to €555mn.
  • ΜΕΤΚΑ:The group reported for H1’13 net sales of €289.9mn (-2.9%), EBITDA of €45.3mn (-10.5%) and net profits of €46.4mn (+15.4%).
  • Technical

    FTSE 25 August future:

      Support levels: 310-302-296. Resistance levels: 324-330-336.

    General Index:

      Support levels: 912-902-884. Resistance levels: 935-950-975.

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