Financial Morning News 11/09/2013


The General Index in Athens Stock Exchange (ASE) closed at 992.83 posting profits of 1.58%, in a turnover of €152.71mn.

The Deputy Finance Minister Mr. Christos Staikouras said that Greece’s central government had a primary budget surplus of €2.9bn between January and August vs. a deficit of €1.4bn during the same period last year. Excluding one-off revenues from European central banks, the surplus stood at €1.5bn. Please note that Greece continues to meet its budget targets and stay on course to hit a primary surplus at general government level at the end of the year.

The turnover index in wholesale trade decreased by 9.4% in the second quarter of this year vs. a decrease of 15.3% a year earlier (ELSTAT).

The number of building permits issued in June fell by 31.3% compared to the same month a year earlier, (ELSTAT).

Corporate Impacts

  • CCH: The review committee of the FTSE 100 convenes today and CCH is expected to enter the index.
  • Jumbo: The company said that the new fiscal year started on a positive note with July-August 2013 sales up by more than 4% y-o-y vs. target of 2%-4%.
  • Piraeus Bank: The bank said that the final number of employees applying for redundancy reached 2,180 representing the 12% of the lender’s total work force vs. a target of 10%.
  • Technical

    FTSE 25 September future:

      Support levels: 334-328-320. Resistance levels: 346-352-358.

    General Index:

      Support levels: 970- 955-930. Resistance levels: 1,010-1,030-1,050.


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