GREEK FINANCIAL MARKET
The General Index in Athens Stock Exchange (ASE) closed at 1,180.92 posting profits of 0.22%, in a turnover of €99.08mn.
Greece sold €1.625bn of three-month T-bills yesterday to roll over a maturing issue. The T-bills were priced to yield 1.75%, down five basis points from 1.80% in a previous sale in June, the lowest funding cost since January 2010. The sale’s bid-cover ratio was 2.35, down from 2.99 in the previous sale (PDMA).
Corporate Impacts
- Lamda Development: The company announced the successful completion of the share capital increase plan of €179,66mn, as the capital increase was oversubscribed by 1.1977x.
- ΕΧΑΕ: Ex-date for capital increase of €0.20 per share.
- EYDAP, EYATH: The Vice President of the Government Mr. EvangelosVenizelos said that the public water companies, which had been slated to be privatized, will remain under state control, in line with a recent decision by the Council of State.
Technical
FTSE 25 September future:
- Support levels: 376-368-360. Resistance levels: 388-395-400.
General Index:
- Support levels: 1,165-1,150-1,135. Resistance levels: 1,211-1,230-1,250.
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