EUROCORP

Financial Morning News 30/10/2013

GREEK FINANCIAL MARKET

The General Index in Athens Stock Exchange (ASE) closed at 1,165.98 posting losses of 2.06%, in a turnover of €106.68mn.

Greece rose to the 74th spot among 189 countries surveyed by the World Bank in its Doing Business 2014 report, up from 89th place last year. Greece also ranked highly in the starting a business category, which saw it at 36th place.

The Greek revenues from tourism rose by 13.7% in the eight-month period between January and August this year (BoG).

The Russian Foreign Minister Mr. Sergey Lavrov will meet today with the Prime Minister Mr. Antonis Samaras in Athens.

Corporate Impacts

  • Piraeus Bank: Portuguese banking group Millennium BCP began the sale to institutional investors of its entire stake in the bank, in an ultra-rapid process that is indicative of the high interest Greek assets are generating. The package concerns €235mn shares (4.5% of the bank) and an identical share of warrants which would amount to 20.16% of Piraeus Bank’s shares when exercised.
  • Technical

    FTSE 25 November future:

      Support levels: 379-372-366. Resistance levels: 390-395-400.

    General Index:

      Support levels: 1,150-1,130-1,100. Resistance levels: 1,180-1,200-1,230.

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