Financial Morning News 21/03/2014


The General Index in Athens Stock Exchange (ASE) closed at 1,363.30 posting marginal losses of 0.08%, in a turnover of €96.70mn.

Today: S&P Credit Rating Review .

Corporate Impacts

  • NBG: The bank announced net profit for FY’13 at €809mn vs. losses of €2.14bn in 2012, reflecting clear improvement in the domestic economic climate. Profit before provisions grew 50% on an annual basis, to €1.551bn. The provision charge stood at €1.627bn vs. €2.532bn in 2012, down by 36% on 2012, as new loan impairments wane. The pro-forma Core Tier I stood at 11.2%.
  • Terna Energy: FY’ 13 results. Note that the BoD will propose to the AGM on April 29 the non dividend distribution for FY’13 and the distribution of a capital return. Subject to the AGM approval, the ex-date for the capital return is set for July 7.
  • PPC: According to press reports, the Italian grid operator Terna is interested in the IPTO privatization.
  • Technical

    FTSE 25 April 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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