EUROCORP

Financial Morning News 30/09/2013

GREEK FINANCIAL MARKET

The General Index in Athens Stock Exchange (ASE) closed at 1,030.95 posting profits of 0.23%, in a turnover of €66.30mn.

The Prime Minister Mr. Antonis Samaras departed for Washington and New York, where he is scheduled to meet with the head of the IMF Ms. Christine Lagarde on Tuesday and the President Obama’s right-hand man Vice President Mr. John Bidden on Wednesday. Upon his return to Greece, Mr. Samaras will begin preparations for his two-day visit to Israel on the 7th and 8th of October, for the first Supreme Council of Cooperation of the two countries.

Troika called a temporary halt to their latest mission to Greece, saying they had made good progress and expected to resume talks with the government soon.

The Finance Ministry announced that Mr. Constantinos Maniatopoulos will be the president of state privatization fund TAIPED, following the resignation of Mr. Stelios Stavridis a few weeks ago.

Corporate Impacts

  • Hellenic Petroleum: The company s offered a voluntary redundancy scheme (VRS) to as many as 300 employees, or almost 8% of its total workforce to cut costs (Reuters).
  • Eurobank: According to press reports, the bank will issue more than €1bn of new stock to private investors, boosting its capital ratio.
  • 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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