ATHENS (Thomson Financial) - The local market is expected to open flat to
slightly higher in an attempt to stabilise after the recent sell-off.
On Monday, the ASE general index closed 2.6 percent lower at 3,524.8, led
down by Hellenic Telecommunications Organization SA (OTE) and National Bank of
Greece SA.
TODAY
- Hygeia SA AGM
WEDNESDAY June 25
- Michaniki S.A. AGM
- Geniki Bank S.A. AGM
- Terna S.A. AGM
- Gek S.A. AGM
- Intracom Holdings S.A. AGM
- Greek April Merchandise trade
TUESDAY'S PRESS
-EFG Eurobank Ergasias SA seeks to expand its presence in Turkey, with a
possible acquisition target being Tekstil Bank, which has a 60 branch network.
COMPANY NEWS
- Coca-Cola HBC AGM approves 2007 full-year dividend of 0.25 euro per share.
- Terna Energy SA approves a 0.055 2007 full-year dividend
- Hellenic Technodomiki Tev SA will trade ex-dividend from Tuesday of 0.18
euro per share.
MARKET NEWS/SENTIMENT
- Sentiment in the local market is fragile, on low newsflow and limited
liquidity. Recent profit warnings and critical broker notes have added to the
selling pressure.
Brokers said foreign hedge funds are unloading their position in selective
Greek blue-chip stocks to boost their liquidity, while analysts have said
investors are pricing in possible downgrade of ambitious business plan targets
as well as the remote possibility of early elections in August.
nick.skrekas@thomsonreuters.com
ns/ms1
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