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Athens News Agency: News in English, 10-07-13

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] Athens pleased with EU reaction
  • [02] Stocks end strongly up

  • [01] Athens pleased with EU reaction

    BRUSSELS (ANA-MPA) -- Greek Finance Minister George Papaconstantinou on Tuesday expressed his satisfaction here over the fact that Community officials acknowledged Athens' efforts to restructure its battered economy.

    Speaking to reporters after an ECOFIN meeting in Brussels, the Greek FinMin said the issue of the Greek economy was briefly discussed during Monday‚s Eurogroup meeting, with the European Commission presenting positive recommendations of an interim report by EU experts.

    Papaconstantinou underlined the comments made by Eurogroup‚s president, Jean Claude Juncker, who praised Athens' efforts to cut the country‚s double-digit fiscal deficit.

    He reminded that around July 24, delegations from European Commission, the European Central Bank and the International Monetary Fund will visit Athens and stressed that the result of this visit would become the basis for approving the second tranche of a loan agreement to Greece, the second in 2010 totaling 9.0 billion euros. (ANA-MPA)

    Papaconstantinou also said he was very satisfied with results of a same-day auction of six-month Treasury bills by Greece, adding that the interest rate for the issue was set below the borrowing interest rates envisaged in a Community support mechanism. (ANA-MPA) He underlined that 10 foreign banks also expressed interest to the issue, something uncommon for such kind of securities‚ issues.

    [02] Stocks end strongly up

    Stocks ended strongly higher at the Athens Stock Exchange on Tuesday, with investors encouraged by a successful auction of Greek six-month Treasury bills and by a positive climate in other European markets.

    The composite index jumped 2.61 pct to end at 1,567.58 points, with turnover at 127.21 million euros.

    The Big Cap index soared 3.14 pct, the Mid Cap index ended 2.19 pct higher and the Small Cap index rose 1.28 pct. All sectors moved upwards with the Financial Services (6.34 pct), Insurance (4.80 pct) and Banks (3.97 pct) sectors scoring the biggest percentage gains of the day. Broadly, advancers led decliners by 128 to 48 with another 46 issues unchanged.

    Klonatex (16.67 pct), Intralot (10.03 pct), ANEK (10 pct) were top gainers, while Euroholdings (14.29 pct), Interfish (13.79 pct) and PC Systems (9.09 pct) were top losers.


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