EUROCORP

Financial Morning News 21/10/2013

GREEK FINANCIAL MARKET

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.

    Disclaimer

    The information that EUROCORP (henceforth the “Company”) provides via the web page eurocorp.gr, can be used only for informative aims and not for commercial, investment or other purposes. They cannot be considered as offer, advice, or proposal for purchase or sale of securities issued by companies that are reported in the web page of the Company, or as prompt on the realisation of any form of investments. The Company is not by any chance accountable for commercial or investment decisions that will be taken based on this information.

    The information emanates from sources that are available in public and are generally considered reliable. The Company overwhelm each possible effort for the verification of the validity of this information. Nevertheless, the Company is not committed as for the precision, plenitude and safety of information and consequently no responsibility arises for the company from the use of this information.

    The use of web page eurocorp.gr is under the exclusive responsibility of each user, who accepts that the information and services, are provided “as such” and “depending on the availability”, without any guarantee of the Company, indicatively reported the guarantees of satisfactory quality or appropriateness for concrete aims.

    Get Adobe ReaderYou will need Adobe Reader to open the files. If you do not have it already, you may download it from Adobe’s website by clicking the icon on the right.

Error Page

GlobalSoft Perquote Server 1.0.2.9

    Error 404:   

    The page requested not found!