Financial Morning News 08/04/2013


The General Index in Athens Stock Exchange (ASE) closed at 822.95 posting profits of 2.35%, in a turnover of €38.38mn.

The Prime Minister Mr. Antonis Samaras met the troika representatives yesterday. The negotiations with the troika focused particularly on the issues on the reduction of civil servant numbers, the property tax and the planned merger of NBG with Eurobank. The negotiations will be continued today.

Corporate Impacts

  • OPAP: The shareholders approved for a disputed IT services contract with Intralot. HRADF did not take a position on the contract and cast a blank ballot at the meeting, saying that it was up to the company’s management to decide on the deal. The chairman Mr. Constantinos Louropoulos reiterated that the cost of the renewed contract would be about 36% lower than the previous deal and that this was close to what other European peers were paying for technology.
  • NBG, Eurobank: The two banks will berecapitalised separately, after troika’s desicion.
  • Alpha Bank: The EGM was convened but did not discuss or resolve upon the items on the agenda due to lack of quorum.
  • Technical

    FTSE 25 June future:

      Support levels: 254-248-242. Resistance levels: 268-276-282.

    General Index:

      Support levels: 805-780-760. Resistance levels: 850-880-910.


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