Financial Morning News 13/02/2013


The General Index in Athens Stock Exchange (ASE) closed at 1,022.13 posting profits of 0.87%, in a turnover of €52.28mn.

Greece sold €1.3bn of three-month T-bills yesterday with a yield of 4.05%, two basis points below a previous auction. The sale’s bid-cover ratio was 1.76, up from 1.75 in the previous auction (PDMA).

Corporate Impacts

  • Cypriot Banks: The EU’s Economic and Monetary Affairs Commissioner Mr. Olli Rehn said that EU is not working on any sovereign debt restructuring plan for Cyprus. At the same time, the German Finance Minister Mr. Wolfgang Schaeuble said that the European finance chiefs told Cyprus’s government that it must do more to combat money laundering before it can hope to win an international bailout.
  • Technical

    FTSE 20 March future:

      Support levels: 344-338-332. Resistance levels: 355-360-366.

    General Index:

      Support levels: 1,002-992-980. Resistance levels: 1,030-1,050-1,066.


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