GREEK FINANCIAL MARKET
The General Index in Athens Stock Exchange (ASE) closed at 1,230.20 posting losses of 2.42%, in a turnover of €114.94mn.
Today the EuroWorking Group is expected to approve to Greece the disbursement of €6.3bn of a total payment of €8.3bn. At the next Eurogroup on May 5, Greece will reportedly request the official initiation of discussions on the restructuring of the Greek debt.
According to the Deputy Finance Minister, Greece’s general government primary surplus last year, as calculated by the country’s international lenders, is estimated at €1.5bn. Based on a deal in November 2012, attaining a primary budget surplus in bailout terms means Greece qualifies for further debt relief by its eurozone partners and the IMF. The Greek debt reached at 175.1% of GDP in 2013, up from 157.2% a year earlier.
Corporate Impacts
- NBG: The bookbuilding for the issue of a 5-year senior bond by the bank starts and concludes today. The interest rate may end up below that of the recent Hellenic Republic issue of 4.95%.
Technical
FTSE 25 April future:
- Support levels: 390-385-378. Resistance levels: 402-410-418..
General Index:
- Support levels: 1,218-1,200-1,190. Resistance levels: 1,260-1,280-1,300
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.
You 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.