GREEK FINANCIAL MARKET
The General Index in Athens Stock Exchange (ASE) closed at 1,016.11 posting profits of 2.60%, in a turnover
of €62.43mn.
FTSE Group announced the results of its annual classification review, with Greece remaining at Developed. FTSE maintains Greece at watch list for possible demotion from developed to advanced emerging. The watch list will be reviewed again in September 2014, while a further update on FTSE’s assessment will be published in March 2014.
The Finance Ministry and troika agreed that the revised forecast for this year’s economic contraction is 4%, against a previous estimate of 4.2% and a ministry forecast for 4.5% negative growth in the midterm fiscal plan.
Corporate Impacts
- OPAP: The company informed investors that BlackRock Inc raised its stake in OPAP to 5.17% or 16.49mn shares.
Technical
FTSE 25 October future:
- Support levels: 340-334-326. Resistance levels: 350-355-362.
General Index:
- Support levels: 1,000- 980-955. Resistance levels: 1,030-1,050-1,080.
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