Financial Morning News 20/08/2013


The General Index in Athens Stock Exchange (ASE) closed at 927.00 posting losses of 2.95%, in a turnover of €38.65mn.

The current account surplus showed a surplus of €663mn in June from €73.1mn in the same month last year, helped by a smaller trade gap and surging tourism receipts (BoG).

Corporate Impacts

  • Cypriot Banks: The Cypriot government has until August 28 to propose to parliament 14 new measures aimed at obtaining the new tranche of financial aid from international creditors, worth a total €1.5bn, to be released on September 13. The aid package concerns recapitalising the country’s cooperative banks, scheduled for October.
  • Technical

    FTSE 25 September future:

      Support levels: 310-302-296. Resistance levels: 324-330-337.

    General Index:

      Support levels: 912-900-884. Resistance levels: 940-960-980.


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