EUROCORP

Financial Morning News 11/03/2013

GREEK FINANCIAL MARKET

The General Index in Athens Stock Exchange (ASE) closed at 952.34 posting profits of 1.68%, after five-and-a-half sessions of decline, in a turnover of €56.47mn.

According to the Euro Plus Monitor report, Greece has the highest overall grade of 8.2 in terms of fiscal adjustment.

The consumer prices were 1.6% lower in February than in January from -1.5% a year earlier, with prices falling across all sectors apart from transport, housing and alcohol and tobacco (ELSTAT).

Corporate Impacts

  • Cypriot Banks: The Cyprus President Mr. Nicos Anastasiades will visit Greece today. Mr. Anastasiades is due to meet the Parliament Speaker Mr. Evangelos Meimarakis and then the President Mr. Karolos Papoulias before holding talks with the Prime Minister Mr. Antonis Samaras.
  • Companies for Privatization: The head of the privatization fund Mr. Takis Athanasopoulos resigned on Saturday, after he was charged with breach of duty for commissioning in 2007 the Aliveri power plant, which lost PPC about €100mn.
  • Technical

    FTSE 25 March future:

      Support levels: 308-302-295. Resistance levels: 320-324-330.

    General Index:

      Support levels: 930-910-880. Resistance levels: 958-970-985.

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