EUROCORP

Financial Morning News 11/12/2013

GREEK FINANCIAL MARKET

The General Index in Athens Stock Exchange (ASE) closed at 1,200.67 posting profits of 1.50%, in a turnover of €92.76mn, after the successful completion of the tender for Astir Palace Hotel, which will go to the Jermyn Street Real Estate Fund.

The Finance Minister Mr. Yannis Stournaras is optimistic that the government may still come to a deal with the troika by the end of this month and clinch the disbursement of the next tranche of bailout funding of €1bn. He was also optimistic about the size of an estimated fiscal gap next year, the size of which his another issue splitting Athens and troika (CNBC).

Greece sold €1.625bn T-bills at an auction yesterday, while its borrowing cost remained the same as last month at 4.15%. The bid-to-cover ratio was 2.11 vs. 1.86 on November 5 (PDMA).

The Industrial Production Index posted a decline of 5.2% in October after a 3.9% rise that was posted in the same period a year earlier (ELSTAT).

Corporate Impacts

  • HELEX:“The London And Amsterdam Trust Company Limited” increased its stake to the company to 5.01% from 4.97% previously.
  • Technical

    FTSE 25 December future:

      Support levels: 388-380-374. Resistance levels: 400-408-414.

    General Index:

      Support levels: 1,180-1,170-1,150. Resistance levels: 1,210-1,230-1,260.

    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