Financial Morning News 14/08/2013


The General Index in Athens Stock Exchange (ASE) closed at 961.01 posting losses of 1.66%, in a turnover of €72.49mn.

Greece sold €1.3bln in 3-Month T-Bills at an auction yesterday with a yield of 4.02% vs. 4.02% at a previous auction and a bid-to-cover-ratio at 1.87 vs. 1.70 previously.

Corporate Impacts

  • NBG: According to press reports, the bank will soon sell non-core assets including stakes in Pangea Real Estate Investment Co. and the Astir Palace luxury resort The sales plan to maintain core tier 1 capital ratio at or above 9% to the end of 2014.
  • Technical

    FTSE 25 August future:

      Support levels: 324-318-312. Resistance levels: 337-344-350.

    General Index:

      Support levels: 950-930-910. Resistance levels: 980-1,000-1,030.


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