EUROCORP

Financial Morning News 11/09/2013

GREEK FINANCIAL MARKET

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.

    Disclaimer

    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.

    Get Adobe ReaderYou 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.

Cannot retrieve http://vtickersrv.monopoly.gr/eurocorp.htm