Financial Morning News 11/06/2013


The General Index in Athens Stock Exchange (ASE) closed at 939.78 posting losses of 4.69%, in a low turnover of €55.02mn.

MSCI will announce today the results of its 2013 annual market classification review and MSCI Greece Indices are for a potential reclassification to Emerging Markets.

The Luxembourg Prime Minister Mr. Jean-Claude Juncker is due to hold talks with the Prime Minnister Mr. Antonis Samaras today morning.

The state budget deficit amounted to €3.86bn in the period from January to May 2013 from €10.87bn last year and a target of €7.06bn.

The consumer prices were 0.4% lower than in May 2012, a smaller year-to-year decline than the 0.6% recorded in April (ELSTAT).

The Production Index in Industry fell 1.8% in April from a decrease of 2.9% a year earlier (ELSTAT).

Corporate Impacts

  • Piraeus Bank: The trading of the 114.332.657 new shares from the reverse split and the rights will start trading today with opening price of €1.71 and €0.385 respectively.
  • Hellenic Petroleum: The government received no bids for the sale of Depa and only a single bid for the country’s gas grid operator, Desfa from the Azerbaijan’s state oil and gas company, Socar, dealing a severe blow for Greece’s privatization program. Please note that proceeds from Depa and Desfa are reportedly estimated at €1.3-1.5bn and will contribute to the €2.6bn privatization target for 2013.
  • Alpha Bank: The trading of the 10.388.636.364 new shares and 1.233.532.918 warrants (opening price: €1.45) from the €4,571mn capital increase will start trading today. Each warrant will correspond to 7.408506275 shares held by the HFSF.
  • Attica Bank: The trading of the 34.983.653 new shares from the reverse split and the rights will start trading today with opening price of €0.376 and €1.44 respectively.
  • Technical

    FTSE 25 June future:

      Support levels: 314-308-300. Resistance levels: 330-338-346.

    General Index:

      Support levels: 925-910-880. Resistance levels: 955-980-1,010.


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