EUROCORP

Financial Morning News 27/05/2014

GREEK FINANCIAL MARKET

The General Index in Athens Stock Exchange (ASE) closed at 1,197.71 posting profits of 2.27%, in a turnover of €177.09mn.

The SYRIZA leader Mr. Alexis Tsipras repeated yesterday his call for national elections as soon as possible after holding talks with Greek President Mr. Karolos Papoulias. The PASOK leader Mr, Evangelos Venizelos said that Mr. Tsipras request for snap elections is unconstitutional.

In other news, the Prime Minister Mr. Antonis Samaras and his coalition partner Mr. Evangelos Venizelos are said to be planning a bold reshuffle to refresh the government and show that they have heeded the message sent in European Parliament elections on Sunday when leftist SYRIZA achieved a historic victory.

Corporate Impacts

    • ELPE, Fourlis, OPAP, Aegean Airlines: Q1’14 results.
    • Frigoglass, Sidenor, Corinth Pipeworks: EGM.
    • OPAP: Ex DPS (€0.25).
    • Hygeia: The group agreed to take over the running of the Henri Dunant hospital in Athens, which ran into serious financial problems.
    • Jumbo: The group reported sales of €410.94mn (+7.62%), EBITDA of €102.27mn (+12.59%) and net profits of €69.48mn (+5.92%).

Technical

FTSE 25 June future:

        Support levels: 380-374-368. Resistance levels: 392-400-408.

General Index:

      Support levels: 1,185-1,150-1,130. Resistance levels: 1,220-1,250-1,265.

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