Greek Financial Markets 02/05/2012


The General Index in Athens Stock Exchange (ASE) closed at 699.91 posting profits of 0.60%, in a low turnover of €14.96mn.

The retail sales by volume fell 13% y-o-y in February, with the pace of the decline picking up after a revised 10.6% drop in (ELSTAT).

The lending to Greek businesses and households shrank 4% on the year in March as demand for bank loans continued to slide (BoG).

Corporate Releases

      05/03: Titan Cement Q1’12 results

    Corporate Impacts

      • Banks: The private sector deposits increased by 0.5% at €171.1bn in March after a 2.7% drop in February (ECB data).
      • Eurobank: The Austrian lender Raiffeisen Bank International closed its acquisition of a 70% stake in Polbank for €460mn in cash.
      • CCH: S&P revised the outlook to negative from stable and affirmed its ‘A/A-1’ long and short-term corporate credit ratings on the group, as it could continue to face profitability pressure over the next year due to low consumer sentiment in many of its European markets and persistently high raw material prices.
      • Marfin Popular Bank:The preliminary results included €1.97bn impairment loss for the GGBs (65% haircut). Following the final accounting treatment for the PSI+ program, this amount has been increased to €2.33bn, representing 76.4% haircut of their nominal value.


      • FTSE 20 June future: Support levels: 258-252-246. Resistance levels: 274-282-290.


    The information that EUROCORP (henceforth the “Company”) provides via the web page, 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 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.

    Get Adobe ReaderYou will need Adobe Reader to open the files. If you do not have it already, you may download it from Adobe’s website by clicking the icon on the right.

Error Page

GlobalSoft Perquote Server

    Error 404:   

    The page requested not found!