EUROCORP

Financial Morning News 25/06/2014

GREEK FINANCIAL MARKET

The General Index in Athens Stock Exchange (ASE) closed at 1,243.72 posting losses of 2.10%, in a turnover of €123.75mn.

According to press reports, the government is aiming to push through a first set of prior actions pledged to the troika by the end of this week in a bid to secure a pending tranche of €1bn in rescue loans.

Corporate Impacts

    • ΟΤΕ: According to press reports, the company is interested to acquire Forthnet and is mainly interested on Forthnet’s pay –TV platform Nova.
    • Coca-Cola, Autohellas: EGM
    • CocTitan Cement: Ex Capital €0.10 per share. The AGM also approved a share buyback program for up to 10% of Group’s share capital for a 24-month period at a maximum price of €40 per share and minimum price of €4 per share. Titan will also proceed with the issue of a new bond loan.
    • NBG: The Deputy chief executive Mr. Petros Christodoulou said that the bank is reviewing second-round bids for its London-headquartered private equity business and hopes to sell it imminently (Reuters).

Technical

FTSE 25 September future:

        Support levels: 395-390-384. Resistance levels: 410-416-422.

General Index:

      Support levels: 1,225-1,200-1,185. Resistance levels: 1,280-1,305-1,330.

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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