Financial Morning News 23/07/2013


The General Index in Athens Stock Exchange (ASE) closed at 842.16 posting profits of 0.62%, in a low turnover of €29.10mn.

According to figures released by Eurostat, the public debt stood at €305.3bn (160.5% of GDP) in the first quarter of this year after posting the highest rise in the EU over the preceding 12 months. This represented a slight rise from the fourth quarter of 2012, when the general government debt was at €303.9bn (156.9% of GDP).

The cost of building materials in Greece fell by 1.5% over the last year, while the Material Costs Index in Construction of New Residential Buildings decreased by 1.5% (ELSTAT).

Corporate Impacts

  • GEK Terna: The group aggred on selling 25% of Heron II power plant to Qatar Petroleum International for 58mn$.
  • Technical

    FTSE 25 September future:
    Support levels: 282-276-270. Resistance levels: 294-302-310.

General Index:

    Support levels: 830-820-806. Resistance levels: 870-884-911.


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