Financial Morning News 09/05/2014


The General Index in Athens Stock Exchange (ASE) closed at 1,224.69 posting losses of 0.53%, in a turnover of €124.27mn.

The unemployment rate dipped to 26.5% in February from a downwardly revised 26.6% in the previous month (ELSTAT).

Corporate Impacts

    • OTE: The company reported for Q1’14 net profits of €55.8mn (-66.5%). Sales decreased by 0.3% to €963.7mn, while EBITDA amounted to €331.2mn (-3.1%). The net debt decreased by 42.1% to €1.583bn.
    • NBG: The share capital increase was completed with great success with the price of the new shares amounting to €2.20. Among those participating in the increase were some of the world’s biggest investors – among them BlackRock, Pimco, York Capital, Fidelity, Norges Bank, George Soros and the state authority of Abu Dhabi – once again confirming the definitive return of the country and its companies to the international markets.


FTSE 25 May future:

        Support levels: 388-384-378. Resistance levels: 402-410-416.

General Index:

      Support levels: 1,215-1,200-1,180. Resistance levels: 1,245-1,260-1,280.


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