GREEK FINANCIAL MARKET
The General Index in Athens Stock Exchange (ASE) closed at 1,028.58 posting profits of 1.05%, in a turnover of €47.01mn.
The Deputy Prime Minister Mr. Evangelos Venizelos said that Greece does not require a third bailout and can cover its needs without further burdening its current backers, by improving the terms of its debt and possibly returning to the bond market next year.
Corporate Impacts
- Jumbo: The sales for the financial year July 212- June 2013, reached €502,2mn (+1.60%). EBITDA reached at €110.39mn (-17.88%), due to loss approximately of €23.58mn concerning the impairment of the subsidiary’s company deposits at the Bank of Cyprus. The net profit reached at €73.96mn (-23.99%).
- Greek bank: The deposits of businesses and households dropped slightly (-0.1%) in August, for the third straight month to €162.21bn (ECB).
- Cypriot Banks: The private sector deposits fell by 2.1% to €35.9bn, after a 2.4% fall in July (ECB).
Technical
FTSE 25 October future:
- Support levels: 344-338-330. Resistance levels: 358-366-372.
General Index:
- Support levels: 1,010- 1,000-980. Resistance levels: 1,050-1,080-1,100.
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