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Athens News Agency: News in English, 11-04-01

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

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

CONTENTS

  • [01] Strong quake rocks Crete (adds; corrects intensity to 6.2 from 6)
  • [02] ADEX closing report
  • [03] Minister on shipbuilding fund
  • [04] Stocks end week 5.89% down 

  • [01] Strong quake rocks Crete (adds; corrects intensity to 6.2 from 6)

    (ANA-MPA) -- A powerful earthquake measuring 6.2 on the Richter Scale was recorded just after 4:30 p.m. (14:30 GMT) near the large southern island of Crete, with the epicentre located in a sea region between Crete and the island of Karpathos.

    The quake was felt throughout Crete and many of the other islands, reports state.

    "The major earthquake in Japan is likely to have accelerated today's earthquake in the south Aegean," according to Geodynamic Institute director and seismology Prof. Konstantinos Makropoulos.

    He added that it has been three years since an earthquake like today's was recorded, adding that its epicentre was 50 km below the earth's surface, the reason it was felt at such a distance.

    More details on the subscriber's page of ANA-MPA | Subscription request form

    

    [02] ADEX closing report

    The March contract on the FTSE 20 index was trading at a discount of 0.85 pct in the Athens Derivatives Exchange on Friday, with turnover a low 30.490 million euros. Volume on the Big Cap index totaled 7,190 contracts wortrh 24.976 million euros, with 25,336 short positions in the market.

    Volume in futures contracts on equities totaled 11,251 contracts worth 5.514 million euros, with investment interest focusing on National Banks contracts (3,279), followed by Eurobank (896), MIG (728), OTE (1,246), Piraeus Bank (881), Alpha Bank (871) and ATEbank (806).

    More details on the subscriber's page of ANA-MPA | Subscription request form

    

    [03] Minister on shipbuilding fund

    BEIJING (ANA-MPA) -- An interview by Maritime Affairs, Islands & Fisheries Minister Yiannis Diamantidis was rebroadcast by the China Business News (CBN) network, where the Greek minister is quoted as saying that a five-million-dollar credit line extended by Chinese banks towards Greek shipowners for shipbuilding may be increased to US$10 billion.

    Diamantidis, who officially visited China in late February, met with government officials, bank executives and the leadership of Chinese multinational Cosco, a major concessionaire at the Port of Piraeus.

    In other statements, Diamantidis was quoted as saying that Cosco plans to turn Piraeus into the biggest transit hub in the Mediterranean, while emphasising that China's overall investment interest has significantly aided in Greece's road to economic recovery. (ANA-MPA)

    More details on the subscriber's page of ANA-MPA | Subscription request form

    

    [04] Stocks end week 5.89% down

    Stocks ended lower during the last trading session of a very negative week in the Athens Stock Exchange. The composite index of the market eased 0.56 pct to end at 1,526.60 points, for a net loss of 5.89 pct in the week. Turnover was disappointing low 101.791 million euros.

    The Big Cap index fell 0.76 pct, the Mid Cap index ended 0.47 pct down and the Small Cap index fell 0.93 pct. OPAP (3.24 pct), Ellaktor (3.23 pct), Viohalco (1.95 pct) and Coca Cola 3E (0.26 pct) were top gainers among blue chip stocks, while Cyprus Bank (3.52 pct), OTE (2.16 pct), PPC (2.53 pct) and National Bank (1.75 pct) were top losers.

    The Travel (3.12 pct) and Chemicals (2.83 pct) sectors scored gains, while Health (3.21 pct), Insurance (3.17 pct) and Banks (1.67 pct) sectors suffered the heaviest percentage losses of the day. Broadly, decliners led advancers by 95 to 57 with another 51 issues unchanged.

    Vivere (14.81 pct), Imperio (11.54 pct) and Sarantopoulos (9.65 pct) were top gainers, while Pairis (19.61 pct), HOL (19.44 pct) and Alpha Grissin (17.91 pct) were top losers.

    More details on the subscriber's page of ANA-MPA | Subscription request form


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