Subject: Greek Financial Market Update on July 10 From: Akira Ohno ASE General Index: 936.01, up 0.59% or 5.46 points Turnover: GRD 5.5 bil on 1.99 mil shares(91m shs declined) -Largest turnover issues:Alum of Gr(542mil), Alpha Cr(443mil), Hell Sugar(326mil), Comm Bk(312mil), Nat'l Bk of Gr(182mil) Gen.Hell Bk(closed at 7,010 up 410drs) and Nat'l Mortg Bk(4,800 up 330) appeared in the top 6 and 7 issues. -Most active moves: Hel Sugar and Comm bk Small cap: EKTAR hit limit up at 2,678 with 47m shs. Construction sector index ended up 2.18 % reflecting all construction stocks closed higher. All other sector indices closed with marginal gains. -Forex fixing: usd 226.310, dem= 162.148, jpy(100)=259.770 USD's % change from the end of last year is -5.7%, USD was devaluated against Drachma. -Athibor 1mo: 15.56% -New 12 mon T-Bills will be issued on July 15 yielding 15.5 % , down 25 basis points from June issue. As I reported last week, Central bank will not issue by the auction method but by the old direct selling. -UN Secretary General Boutros Ghali was visiting Athens on Sunday. we will stay for three days and will talk with the Greek govenment on this situation in Balkans. -Two samll foreign banks in Athens boasted profits in 1994: German Bayersche Vereinsbank(1.7 bil drs) and US Bk of America(1 bil) They could take advantage of the liberalization of Greek market. (As I am reporting banks are the most profitable business sector in Greece.) Akira Ohno in Athens