GREEK MARKET
The General Index closed at 726.65 posting profits of 0.79%, after a variation of about 15 units in a turnover of €25.00mn.
The President of the European Commission Mr. Jose Manuel Barroso said that if Greece implements measures agreed as part of an EU-funded scheme, growth would soon return to the country.
According to press reports, Greece’s bank recapitalization plan may be completed after elections are held on May 6.
A new opinion poll, conducted by MARC indicated that ten political parties will gain seats in parliament in the May 6 general elections.
Corporate Releases
- 04/20: Alpha Bank, Eurobank, NBG, Piraeus Bank, ATEbank FY’11 results
Corporate Impacts
- Banks: A government officials said that Greece΄s bank support fund will receive €25bn worth of bonds today from the European Union to be used to recapitalize the banks (Reuters).
- BoC: The 895.6 mn shares stemming from the recent rights issue and the voluntary exchange of CECS are trading today.
Technical
- FTSE 20 June future: Support levels: 272-266-258. Resistance levels: 290-296-300.
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