GREEK FINANCIAL MARKET
The General Index in Athens Stock Exchange (ASE) closed at 1,133.46 posting losses of 0.89%, in a turnover of €103.86mn.
The Deputy Prime Minister Mr. Evangelos Venizelos said that the distance between Greece and the troika is becoming smaller after holding talks with the Prime Minister Mr. Antonis Samaras yesterday. Mr. Samaras and Mr. Venizelos are preparing for a new round of discussions the troika. Meetings between troika inspectors and government officials are due to begin today. Mr. Venizelos added that Greece and the troika are bridging their differences over the projected size of the Greek fiscal gap for 2014.
According to BoG data, the apartment prices fell 9.6% in the third quarter from a year earlier, while apartment prices have plunged 31.6% since their peak in 2008, when Greece’s six-year recession began.
- NBG: The bank is close to sell a majority stake in its fully-owned real estate arm Pangaia to private equity firm Invel Real Estate. Invel will acquire about 66% of Pangaia for more than €600mn and the agreement will close in the next 10 days. The sale would strengthen National Bank’s Core Tier 1 capital adequacy ratio by 40 basis points to 9.6% (Reuters).
FTSE 25 November future:
- Support levels: 370-364-358. Resistance levels: 382-390-400.
- Support levels: 1,120-1,110-1,100. Resistance levels: 1,150-1,165-1,180.
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.