EUROCORP

Financial Morning News 23/06/2014

GREEK FINANCIAL MARKET

The General Index in Athens Stock Exchange (ASE) closed at 1,305.93 posting profits of 1.47%, in a turnover of €197.05mn.

The current account deficit widened slightly in April to €1.167bn from €1.151bn the same month last year Tourism revenues rose to €411mn in April from €303mn in the same month in 2013.

Corporate Impacts

    • PPA: The Chinese Premier Mr. Li Keqiang stressed the significance of Piraeus for Chinese trade as Cosco is said to be interested in acquiring a 67% stake in the Piraeus Port Authority. He also expressed Beijing’s interest in investing in Greece’s railway network in order to accelerate the transport of goods to Europe.
    • NBG, Alpha Bank, Eurobank: Fitch upgraded the state-guaranteed long-term senior debt rating of NBG (B-/Stable), Alpha Bank (B-/Stable) and Eurobank (B-/Stable) to ‘B’ from ‘B-‘. The rating actions follow the upgrade of Greece’s sovereign Long-Term foreign currency Issuer Default Rating (IDR) to ‘B’.

Technical

FTSE 25 September future:

        Support levels: 415-410-402. Resistance levels: 426-432-438.

General Index:

      Support levels: 1,285-1,265-1,250. Resistance levels: 1,330-1,350-1,380.

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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