EUROCORP

Financial Morning News 30/01/2013

GREEK FINANCIAL MARKET

The General Index in Athens Stock Exchange (ASE) closed at 1,005.28 posting losses of 0.84%, in a turnover of €116.53mn.

The Gulf state of Qatar pledged to invest up to €1bn in small and medium-sized companies in order to help Greece recover from its debt crisis. The agreement was reached during the visit by the Greek Prime Minister Mr. Antonis Samaras, who was accompanied by his development and defence ministers and a team of Greek business leaders.

The EU’s Economic and Monetary Affairs Commissioner Mr. Olli Rehn said that the chance of a Greek euro exit has virtually disappeared. expressing his satisfaction that Greece was gradually restoring its competitiveness.

The Producer Price Index in Industry (PPI) rose by 1.9% in December compared with a year earlier (ELSTAT).

Corporate Impacts

  • ΟΤΕ: The company plans to issue a five-year euro-denominated bond and plans to buy back its bonds maturing in 2013 and 2014. BNP Paribas, Deutsche Bank and HSBC are lead managers on the projected bond issue.
  • Cypriot Banks: The Finance Minister Mr. Vassos Shiarly said that the Eurogroup finance ministers are studying the possibility of involving Russia in the bailout deal and they are trying to ascertain if Russia is able to participate with international lenders and how much it could contribute.
  • Technical

    FTSE 20 March future:

      Support levels: 335-330-324. Resistance levels: 346-352-360.

    General Index:

      Support levels: 992-975-955. Resistance levels: 1,014-1,030-1,050.

    Disclaimer

    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.

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