Financial Morning News 12/02/2013


The General Index in Athens Stock Exchange (ASE) closed at 1,013.35 posting losses of 0.90%, in a turnover of €37.38mn.

The total value of exports excluding oil products for the 12-month time increased by 6%, while the total value of imports, excluding oil products decreased by 5.8% (ELSTAT).

The government achieved a budget surplus of €159mn against a target for an €873mn deficit in the first month of 2013. Revenues, however, were down in January as state earnings from VAT and consumption tax fell. The budget revenues stood at €4.4bn, which was €241mn or 5.2% short of the target.

Corporate Impacts

  • Cypriot Banks: The Cypriot Finance Minister Mr. Vassos Shiarly ruled out the idea of the country’s bailout being accompanied by losses for the domestic and foreign depositors. The ECB executive board member Mr. Joerg Asmussen said that an aid package for Cyprus will be ready by the end of next month (Handelsblatt).
  • Technical

    FTSE 20 March future:

      Support levels: 340-334-328. Resistance levels: 352-360-366.

    General Index:

      Support levels: 1,002-992-980. Resistance levels: 1,024-1,030-1,050.


    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.

Cannot retrieve