Financial Morning News 28/08/2012


The General Index in Athens Stock Exchange (ASE) closed at 646.08 posting profits of 0.32%, in a turnover of €30.62mn.

The Dutch caretaker Prime Minister Mr. Mark Rutte said that he would block a third aid package for Greece and defended austerity as the only way out of Europe’s debt crisis.

Corporate Impacts

  • MOH: It reported a 74% drop for H1’12 net income at €27.6mn (est: €28.6mn) weighed down by falling crude prices and shrinking fuel demand. EBITDA dropped by 10% to €165.2mn, while the company reported a foreign exchange loss of €12.3mn in the second quarter.
  • Technical

    FTSE 20 September future:

      Support levels: 228-222-216. Resistance levels: 240-246-250.


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