EUROCORP

Financial Morning News 23/01/2014

GREEK FINANCIAL MARKET

The General Index in Athens Stock Exchange (ASE) closed at 1,222.82 posting profits of 0.62%, in a turnover of €105.60mn.

The Geek debt in the second quarter of 2013 increased to 171.8% from 168.8% previously.

Corporate Impacts

  • Greek Banks: According to Pricewaterhouse Coopers experts who used the same parameters that BlackRock Solutions did during local banks’ last stress tests, Nonperforming loans (NPLs) in Greece will rise to a staggering 40 percent by the end of 2014.
  • PPC: The employees are to launch rolling 24-hour strikes from next Tuesday in protest at plans to sell the Independent Power Transmission Operator (ADMIE), one of the power board’s subsidiaries.
  • Technical

    FTSE 25 February future:

      Support levels: 396-390-382. Resistance levels: 410-418-424.

    General Index:

      Support levels: 1,200-1,190-1,170. Resistance levels: 1,235-1,255-1,280.

    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.

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