Financial Morning News 21/10/2013


The General Index in Athens Stock Exchange (ASE) closed at 1,166.00 posting profits of 2.38%, in a turnover of €177.21mn.

The Finance Minister Mr. Yannis Stournaras said that Greece will not agree to a new bailout if the troika demands more austerity measures as part of the deal and he added that negotiations regarding Greece’s fiscal gap, financing shortfall and what form further debt relief might take will continue.

The current account showed a surplus of €1.221bn in August from €1.633bn in the same month last year, as the trade gap widened and the transfers’ balance swung to a deficit (BoG).

Tourism receipts rose 12.4% y-o-y to €2.845bn in August, bringing total revenue in the first eight months of the year to €8.698bn (+13.7%).

Corporate Impacts

  • Mytilineos: The Canadian fund Fairfax bought 4.972.383 shares at a price of €5.13 (4.25of share capital). Mytilineos sold its own shares and now it does not hold treasury shares.
  • OTE: The The company purchased 150,000 shares at an average price of €8.7157, while OTE now owns 237,000 shares (0.05% of share capital).
  • Technical

    FTSE 25 November future:

      Support levels: 378-370-366. Resistance levels: 394-400-408.

    General Index:

      Support levels: 1,150-1,130-1,100. Resistance levels: 1,180-1,196-1,230.


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