EUROCORP

Financial Morning News 14/11/2013

GREEK FINANCIAL MARKET

The General Index in Athens Stock Exchange (ASE) closed at 1,132.02 posting marginal profits of 0.19%, in a turnover of €83.25mn.

The Finance Minister Mr. Yannis Stournaras and the heads of the troika departed from Athens yesterday to participate in today’s meeting of the Eurogroup (16:00 local time). The representatives of lenders will come back to Greece tomorrow to continue negotiations.

The central government posted a primary budget surplus of €1.bn between January and October after tax revenues exceeded expectations. The reading excludes bond profit returns of €1.5bn from European central banks to Greece, under the terms of its international bailout.

Corporate Impacts

  • Viohalco: The shares will be deleted from the General Index and FTSE/ΧΑ Large Cap today. ATTICA BANK (weight 47%) and GEK TERNA (weight 75%) will replace Viohalco to the indexes respectively.
  • Eurobank: Troika gave the green light to bank’s €2bn capital increase. The capital increase will be covered by private investors, while HFSF will cover any unsubscribed shares.
  • Technical

    FTSE 25 November future:

      Support levels: 368-360-355. Resistance levels: 382-388-396.

    General Index:

      Support levels: 1,120-1,100-1,080. Resistance levels: 1,150-1,180-1,200.

    Disclaimer

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    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.

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