GREEK FINANCIAL MARKET

The General Index in Athens Stock Exchange (ASE) closed at 1,214.62 posting significant profits of 3.27%, in a turnover of €156.75mn.

The deficit in the trade balance reached at €8.8bn at end-May, up from €8bn a year earlier, while if oil products are not included the growth amounts to €1.2bn, or 23.7%.

Corporate Impacts

• Greek banks: Business and household deposits rose in June for the fourth month in a row to €163.2bn from €162.1bn in May (BoG). In other news, Fitch upgraded the mortgage-covered bond programs of NBG, Alpha Bank, Eurobank and Piraeus Bank to B-/Stable/B with a b- viability rating. The outlook is stable, reflecting that on the respective banks’ Issuer Default Ratings (IDR).
• Coca-Cola: The company announced the admission to trading on the Athens Exchange of 56,908 ordinary registered Company’s shares with a par value of CHF6.70 which has already been issued following the exercise of stock options. The new shares will commence trading today.
• Cypriot Banks: The Cypriot President Mr. Nicos Anastasiades is due in Athens today for talks with the Prime Minister Mr. Antonis Samaras, while the talks that are expected to focus on Nicosia’s reunification talks with Turkish-Cypriots.

Technical

FTSE 25 September future:

Support levels: 382-376-370. Resistance levels: 396-402-410.

General Index:

Support levels: 1,200-1,175-1,140. Resistance levels: 1,230-1,250-1,280.

Disclaimer

The information that EUROCORP (henceforth the “Company”) provides via the web page eurocorp.gr, can be used only for informative aims and not for commercial, investment or other purposes. They cannot be considered as offer, advice, or proposal for purchase or sale of securities issued by companies that are reported in the web page of the Company, or as prompt on the realisation of any form of investments. The Company is not by any chance accountable for commercial or investment decisions that will be taken based on this information.

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.

The use of web page eurocorp.gr is under the exclusive responsibility of each user, who accepts that the information and services, are provided “as such” and “depending on the availability”, without any guarantee of the Company, indicatively reported the guarantees of satisfactory quality or appropriateness for concrete aims.