EUROCORP

Financial Morning News 16/05/2014

GREEK FINANCIAL MARKET

The General Index in Athens Stock Exchange (ASE) closed at 1,123.62 posting heavy losses of 4.63%, in a turnover of €459.85mn. The Greek bond yields raised due to the rumors that capital gains would be taxed, but the Finance Ministry issued a statement quashing the rumors.

The Greek economy shrank by 1.1% in the first quarter of the year on a 12-month basis from -6% a year earlier.

Corporate Impacts

    • Titan Cement: Group turnover for the Q1’14 reached at €252mn (+7%). EBITDA increased by 31% reaching €30.5mn. Group net loss for the quarter settled at €11mn vs. a €27mn loss in the first quarter of the previous year.

Technical

FTSE 25 June future:

        Support levels: 350-344-338. Resistance levels: 362-370-378.

General Index:

      Support levels: 1,100-1,070-1,050. Resistance levels: 1,150-1,180-1,200.

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.

Error Page

GlobalSoft Perquote Server 1.0.2.9

    Error 404:   

    The page requested not found!