GREEK FINANCIAL MARKET
The General Index in Athens Stock Exchange (ASE) closed at 1,364.41posting losses of 0.38%, in a turnover of €123.26mn.
The troika issued a statement confirming the conclusion of a seven-month review of the Greek adjustment program in which the country’s lenders appeared broadly positive about Greece’s prospects but highlighted banks’ capital needs and this year’s surplus as two key areas that need to be watched closely.
The Greek government, after reaching an agreement with the troika, is preparing legislation for the reforms it agreed with its lenders in the hope that the next disbursement will be approved at an informal Eurogroup meeting due to take place in Athens on April 1.
Corporate Impacts
- EXAE, NBG: FY’ 13 results.
- Lamda Development: After opening Lamda Development’s bid for the development of the plot of the old Athens airport at Elliniko and deeming it unsatisfactory, state privatization fund TAIPED has asked the firm to raise its offer. TAIPED’s board initially gave the consortium led by the Greek construction company until next Monday to submit an improved offer, but Lamda said that was too soon, so TAIPED gave it two additional days, until Wednesday, March 26.
Technical
FTSE 25 March future:
- Support levels: 438-432-426. Resistance levels: 448-454-460.
General Index:
- Support levels: 1,350-1,320-1,300. Resistance levels: 1,380-1,400-1,420.
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