GREEK FINANCIAL MARKET
The General Index in Athens Stock Exchange (ASE) closed at 605.75 posting losses of 2.56%, in a low turnover of €22.82mn.
The leaders of the three parties of the coalition government agreed to speed up the process by which Greece will ask its lenders for changes to the bailout. Mr. Kouvelis agreed with Mr. Venizelos’s position that an extension should form the basis of any discussion about any changes.
A Greek official said that Greece will not meet a goal of raising €3.2bn this year from state-asset sales, because the Hellenic Republic Asset Development Fund will only be able to complete two sales (the state lottery and the conference center IBC) in 2012. The pace of asset sales will be stepped up next year, with the fund set to complete 23 projects.
The Finnish minister Mr. Alexander Stubb said that Greece’s new government has made a positive first impression but now must push through difficult decisions to get its reform program back on track.
The official data released showed that the state budget deficit for the Jan-June period stood at €12.31bn vs. a target of €14.8bn, while the primary deficit came at €3.1bn vs. a target of €5.26bn.
- 07/12: PPC AGM
- Cypriot Companies: A consortium of companies (CyStream Consortium) has submitted a preliminary proposal to undertake the construction of an underwater pipeline that will transport natural gas from the Aphrodite field in Block 12 to shore.
- EXAE: It plans to revise bourse indices as of December 3, by increasing the number of companies in the FTSE 20 index to 25 from 20 and changing the index’s name to FTSE/ATHEX Large Cap to improve liquidity.
FTSE 20 September future:
- Support levels: 212-206-200. Resistance levels: 224-230-239.
The information that EUROCORP (henceforth the “Company”) provides via the web page eurocorp.gr, 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 eurocorp.gr 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.
You 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.