GREEK FINANCIAL MARKET
The General Index in Athens Stock Exchange (ASE) closed at 1,318.94 posting losses of 2.04%, in a turnover of €91.04mn.
The central government cash balance showed a surplus of €221mn in the January-February period, compared to a deficit of €1.4bn in the same period in 2013. Ordinary budget revenue amounted to €7.95bn compared to €7.5bn in the corresponding period of last year. Ordinary budget expenditure, including expenditure of about €20mn for the repayment of arrears, amounted to €8.55bn from €9.32bn in January-February 2013 (BoG).
ELSTAT is to issue data for the fourth quarter of 2013 on the production index in construction.
Corporate Impacts
- PPC: : The Deputy Environment and Energy Minister Mr. Makis Papageorgiou announced that the bill for the splitting of the company and the privatization of part of its production capacity will be tabled in Parliament this week.
- Aegean Airlines: The shareholders approved a capital return of €1 per share.
Technical
FTSE 25 March future:
- Support levels: 420-414-408. Resistance levels: 432-440-448.
General Index:
- Support levels: 1,300-1,280-1,260. Resistance levels: 1,340-1,360-1,380.
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