Financial Morning News 22/10/2013


The General Index in Athens Stock Exchange (ASE) closed at 1,196.84 posting profits of 2.64%, in a turnover of €226.17mn.

According to the revised Eurostat figures, Greece had the highest debt-to-GDP ratio in the European Union last year, as 2012 debt reached 156.9% of GDP. The average debt to GDP ratio in the eurozone last year was 90.6%.

Greece’s budget deficit was 9% of GDP in 2012, down from the previously reported 10% and down from 9.5% in 2011. The revision came as a result of updated to deficit figures and not because of a bigger impact of economic growth (Eurostat figures).

Greece received €5.5mn visitors in the first half of the year (+12.3%). The rise in the number of tourists also led to an 18.1% increase in revenues from tourism.

Corporate Impacts

  • Eurobank Properties: The privatization fund announced that it had sold 14 state buildings to the company for €145.8mn under the sale and lease back scheme.
  • Technical

    FTSE 25 November future:

      Support levels: 390-382-376. Resistance levels: 405-410-418.

    General Index:

      Support levels: 1,170-1,150-1,130. Resistance levels: 1,210-1,230-1,250.


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