Financial Morning News 27/02/2013


The General Index in Athens Stock Exchange (ASE) closed at 991.56 posting losses of 0.38%, in a turnover of €65.02mn, despite the major declines of the European markets after the inconclusive Italian election.

Corporate Impacts

  • Cypriot Banks:The President Mr. Nikos Anastasiades appointed the the Nobel economics laureate Mr. Christopher Pissarides to head the country’s newly formed economic policy council. Meanwhile, the Finance Minister Mr. Michalis Sarris will travel to Brussels on Saturday to consult with various EU officials ahead of the Eurogroup on March 4.
  • Fourlis: It posted €11.3mn losses vs. net profit of €2.3mn in 2011, hurt by austerity-driven consumption slump. The sales reduced by 3.6% to €420.3mn, while EBITDA was at €20.1mn vs. €28mn in 2011.
  • NBG: Today, the new shares of the bank are to start trading, after the deal with Eurobank.
  • Technical

    FTSE 25 March future:

      Support levels: 326-318-312. Resistance levels: 338-344-350.

    General Index:

      Support levels: 970-960-950. Resistance levels: 1,014-1,030-1,050.


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