GREEK FINANCIAL MARKET
The General Index in Athens Stock Exchange (ASE) closed at 948.72 posting profits of 2.46%, in a turnover of €53.74mn.
The US President Mr. Barack Obama, after his meeting with the Greek Prime Minister Antonis Samaras, called on Greece to balance austerity with growth as it seeks to recover from financial crisis. He said that Mr. Samaras agreed that Greece must also pursue ways to grow its economy and create jobs and he commended Mr. Samaras for taking bold steps to reduce his country’s debt. Mr. Obama said that he will have a press conference today.
The unemployment rose to another record high in May to 27.6% from 27% in April and 23.8% a year earlier (ELSTAT).
- ΟΤΕ:The net income for Q2’13 stood at €57.2mn from €94.6mn million in the same period last year, as it continues to suffer from tough regulation, sharp competition and severe austerity in its two main markets, Greece and Romania. The sales dropped at an annual pace of 8.6% to €1.003bn, weighed by lower call prices imposed by regulators.
- COCA COLA:The company announced net profits of €111mn (+3%) for H1’13, while the net sales amounted to €3.38bn (-1%). Volume declined by 2% in Q2’13. A 2% volume increase in emerging markets was more than offset by a 6% volume decline in established markets and a 3% decline in developing markets. The Board of Coca-Cola has decided on new progressive dividend policy effective from 2014 onwards. The company’s targeted payout ratio on comparable net profit will be in the range of 35-45% over time.
FTSE 25 August future:
- Support levels: 322-316-308. Resistance levels: 334-340-344.
- Support levels: 930-914-902. Resistance levels: 955-970-990.
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.