Financial Morning News 08/08/2013


The General Index in Athens Stock Exchange (ASE) closed at 925.95 posting marginal profits of 0.02%, in a turnover of €33.98mn.

The Prime Minister Mr. Antonis Samaras will meet with the President Mr. Barack Obama at the White House today. The Greek government sees the trip as an opportunity to gain US’s support for Greece’s efforts to emerge from its economic crisis.

Israel, Greece and Cyprus signed an agreement in Nicosia for the linking of their electricity grids via a 2k megawatt underwater cable – known as the EuroAsia Interconnector, which is part of the European Union’s Projects of Common Interest plan.

Corporate Impacts

  • Mytilineos:The group reported for H1’13 net sales of €730.8mn. (+2.3%), EBITDA of €102.2mn (+28%) and net profits of €12.5mn (+47%). The net debt decreased by €170mn to €555mn.
  • ΜΕΤΚΑ:The group reported for H1’13 net sales of €289.9mn (-2.9%), EBITDA of €45.3mn (-10.5%) and net profits of €46.4mn (+15.4%).
  • 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.