EUROCORP

Financial Morning News 28/11/2013

GREEK FINANCIAL MARKET

The General Index in Athens Stock Exchange (ASE) closed at 1,175.82 posting profits of 2.10%, in a turnover of €178.14mn.

The Secretary General of the OECD Mr. Angel Gurria said in a meeting with the Prime Minister Mr. Antonis Samaras y, during which he delivered the latest OECD report on Greece, that troika must find a solution to make the country’s debt sustainable “as soon as possible”.

Corporate Impacts

  • Frigoglass, Folli-Follie, Alpha Bank: 9M’13 results.
  • NBG: The bank reported a €262mn net profit for the first nine months of 2013, compared to €2.5bn losses in the same period last year. The bank credited the profit on continued cost-cutting in Greece and southeastern Europe, which offset the rise in expenditure in the developing Turkish market. The total assets for September 2013 stood at €111bn vs. €103.1bn last year. Deposits saw a 17% increase at €65bn compared to the previous €55.7bn.
  • Intralot: The sales in 9M’13 increased by 7.9% to €1.08bn, while EBITDA amounted to €143.5mn (+22.6%). The profits before taxes increased by 23.3% to €40.1mn, while the net profits amounted to €0.5mn.
  • Technical

    FTSE 25 November future:

      Support levels: 382-376-370. Resistance levels: 395-400-408.

    General Index:

      Support levels: 1,150-1,140-1,120. Resistance levels: 1,185-1,200-1,230.

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