Financial Morning News 27/4/2012


The General Index in Athens Stock Exchange (ASE) closed at 696.66 posting marginal profits of 0.20%, in a low turnover of €16.66mn.

According to press reports, the Finance Ministry is in talks with the lenders to extend the period of fiscal adjustment by one year to 2015.

Corporate Impacts

    • Banks: The The cabinet meeting is planned for today and the government may finalize the technical details underlying the upcoming system recapitalization.
    • Alpha Bank: The Extraordinary General Meeting of Shareholders, which was held yesterday, was postponed for May 8, because the required quorum was not achieved.
    • OTE: The European Commission has given Greece two months to respond to its concerns about the government’s golden share or face being taken to the European Court of Justice.


    • FTSE 20 June future: Support levels: 262-256-250. Resistance levels: 276-282-289.


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