EUROCORP

Financial Morning News 14/08/2013

GREEK FINANCIAL MARKET

The General Index in Athens Stock Exchange (ASE) closed at 961.01 posting losses of 1.66%, in a turnover of €72.49mn.

Greece sold €1.3bln in 3-Month T-Bills at an auction yesterday with a yield of 4.02% vs. 4.02% at a previous auction and a bid-to-cover-ratio at 1.87 vs. 1.70 previously.

Corporate Impacts

  • NBG: According to press reports, the bank will soon sell non-core assets including stakes in Pangea Real Estate Investment Co. and the Astir Palace luxury resort The sales plan to maintain core tier 1 capital ratio at or above 9% to the end of 2014.
  • Technical

    FTSE 25 August future:

      Support levels: 324-318-312. Resistance levels: 337-344-350.

    General Index:

      Support levels: 950-930-910. Resistance levels: 980-1,000-1,030.

    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.

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