Financial Morning News 07/08/2013


The General Index in Athens Stock Exchange (ASE) closed at 925.73 posting profits of 0.87%, in a turnover of €51.06mn.

The Prime Minister Mr. Antonis Samaras will have for a three-day visit to the USA, the highlight of which will be a meeting with the President Mr. Barack Obama tomorrow. Greek government sources see the meeting between Mr. Samaras and Mr. Obama as a vote of confidence from the US in the Greek government.

The consumer prices in Greece fell by 1.7% in July and 0.7% lower than in July 2012, driven by a very large drop in prices of clothing and footwear.

Greece sold €812.5mn of six-month T-bills yesterday to roll over a maturing issue with a yield of 4.20%, unchanged from a previous July auction. The sale’s bid-cover ratio was 1.77, up from 1.70 in the previous sale (PDMA).

Corporate Impacts

  • Piraeus Bank: The bank hired peer Eurobank’s former deputy chief executive Mr. Nick Karamouzis as a management adviser and a member of its strategic planning committee. He will be responsible for Piraeus’s Geniki unit, which will specialise in asset management, advisory banking and corporate restructuring. The unit will proceed with a rights issue at a later date.
  • Technical

    FTSE 25 August future:

      Support levels: 310-302-296. Resistance levels: 324-330-336.

    General Index:

      Support levels: 912-902-884. Resistance levels: 935-950-975.


    The information that EUROCORP (henceforth the “Company”) provides via the web page, 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 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.

    Get Adobe ReaderYou will need Adobe Reader to open the files. If you do not have it already, you may download it from Adobe’s website by clicking the icon on the right.