EUROCORP

Financial Morning News 24/06/2014

GREEK FINANCIAL MARKET

The General Index in Athens Stock Exchange (ASE) closed at 1,270.38 posting losses of 2.72%, in a turnover of €105.51mn.

The Russian Railways chief Mr. Vladimir Yakunin explained that the Russian state company is not only interested in Greek service operator Trainose, but also in the country’s rail infrastructure. Note that the Russian company has also placed a joint bid with Greece’s GEK Terna for the Thessaloniki Port Authority.

According to the Association of Hellenic Tourism Enterprises (SETE), the number of arrivals from abroad will reach 19mn and climb to 21.2mn when cruise visitors are added. SETE expects tourism revenues to grow to €13.5bn this year from €12.2bn in 2013. In the first four months of the year arrivals from abroad posted an increase of 21.1% compared to the same period last year, exceeding 1.9mn.

Corporate Impacts

    • Eurobank: According to press reports, CVC Capital Partners is interested in the acquisition of the Hellenic Post Office. Note that Eurobank holds a 10% stake in the Hellenic Post Office.

Technical

FTSE 25 September future:

        Support levels: 406-400-392. Resistance levels: 418-425-432.

General Index:

      Support levels: 1,255-1,240-1,230. Resistance levels: 1,305-1,330-1,350.

Disclaimer

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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.

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