Financial Morning News 21/05/2014


The General Index in Athens Stock Exchange (ASE) closed at 1,119.30 posting profits of 4.95%, in a turnover of €268.25mn.

The Center of Planning and Economic Research (KEPE) expects Greece’s economy to revert to expansion in the current quarter and that growth will amount to 0.5% at the end of the year. The anticipated beginning of the growth period within the year reflects the considerable progress regarding the balancing of the main fiscal figures, the return to normality in the credit sector, the promotion of significant reforms and the strengthening of competitiveness, which have resulted in an improvement of domestic economic sentiment and the bolstering of the country’s credibility. KEPE expects growth of 0.09% in the second quarter, rising to 1.04% in the July-September period and 1.35% in the last three months of the year.

Corporate Impacts

    • Mytilineos, Metka, Sarantis: Q1’14 results.
    • ELPE: Socar is closely monitoring the implementation of the investment program of Greece’s natural gas transmission network operator (DESFA) that the Azeri state energy company will soon control after agreeing to buy a 66% stake in it.


FTSE 25 June future:

        Support levels: 350-342-335. Resistance levels: 364-370-378.

General Index:

      Support levels: 1,100-1,080-1,050. Resistance levels: 1,150-1,185-1,200.


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