Financial Morning News 16/08/2012


The General Index in Athens Stock Exchange (ASE) closed at 621.77 posting losses of 0.23%, in a low turnover of €9.44mn.

Greece sold €4.062bn of three-month T-bills on Tuesday with yield of 4.43%, 15 basis points more than in the previous sale. The sale’s bid-cover ratio was 1.36 vs. 2.12 in the July 17 auction. Most of the funds will go to repay €3.1bn in bonds held by the ECB that mature August 20. The remaining funds will go to the general budget and should ensure that Greece has enough money through the end of September.

According to Financial Times, Greece is seeking a two-year extension of its fiscal adjustment program that aims to improve the sustainability of the Greek debt and the country’s prospects to return to growth.

Corporate releases

  • 08/17 Hellenic Petroleum Ex. Dividend €0.45
  • Corporate Impacts

    • NBG:The Turkish unit, Finansbank said that its second-quarter net profit rose 23.4% to 222.9mn lira.
    • Cypriot Banks:a) The second-quarter GDP contracted an unadjusted 2.3% on the year after a 1.5% contraction in the first quarter b) The Cyprus Popular Bank announced that its first-half earnings were expected to be worse than a year ago after booking higher provisions for bad debt.
    • Technical

      FTSE 20 September future:

        Support levels: 218-212-204. Resistance levels: 230-236-242.


      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.

Error Page

GlobalSoft Perquote Server

    Error 404:   

    The page requested not found!