ATHENS (Thomson Financial) - The local market is expected to open flat to
higher on a technical rebound from selling pressure. The ASE general index fell
4.5 percent on Tuesday to 3,284.6, falling to new 52-week lows.
TODAY
-Nothing scheduled
THURSDAY July 3
-Nothing scheduled
TODAY'S PRESS
-The Hellenic Capital Markets Commission rules Deutsche Telekom AG does not
have to submit a public offer for Hellenic Telecommunication Organization SA
(OTE).
COMPANY NEWS
-Inberdrola Renovables SA launched a public offer for minorities in C. Rokas
SA that it does not control.
-Sarantis SA acquires household producer and distributor in Hungary.
-Alpha Bank SA launches share buyback programme for 2.5 percent of
outstanding shares.
MARKET NEWS/SENTIMENT
-Sentiment in the local market is fragile on low newsflow and limited
liquidity. But because the bourse is trading at lows this may spark some
cautious buying interest.
nick.skrekas@thomsonreuters.com
ns/ms1
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