Financial Morning News 22/07/2014


The General Index in Athens Stock Exchange (ASE) closed at 1,149.00 posting losses of 0.80%, in a turnover of €105.29mn.

The primary budget surplus was €707 mn in the first half of the year (€70mn ahead of target) vs. a primary deficit of €1.51bn the same period last year. The state budget recorded a deficit of €2.41bn in the first six months of the year, from a deficit of €4.99bn last year, down from a revised budget target for a deficit of €3.85bn. Net state budget revenues totalled €23.615bn, up 1% from a revised budget target, while regular budget net revenues totalled €20.64bn, up 0.3% from revised targets. State budget spending totalled €26.03bn, down €1.19bn from a revised target, while regular budget spending totalled €23.67bn, down €1.24bn from revised targets.

The current account balance swung into a deficit in May at €246mn from a surplus of €70mn in May 2013. Tourism revenues stood at €1.07bn in May from €1.06bn in the same month in 2013.

The Hellenic Statistical Authority (ELSTAT) will publish its second-quarter data on new building construction costs and the June figures on new building construction materials’ prices.

Corporate Impacts

    • Eltech Anemos: The company is to be listed on the Athens stock market today.
    • ElteLamda Development: The new shares that resulted from the recent share capital increase (35.3mn) will start trading today in the ASE.


FTSE 25 September future:

        Support levels: 365-360-355. Resistance levels: 378-386-394.

General Index:

      Support levels: 1,140-1,100-1,080. Resistance levels: 1,180-1,210-1,230.


The information that EUROCORP (henceforth the “Company”) provides via the web page, 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 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.