Subject: Greek Financial Market Update on July 11 From: Akira Ohno ASE General Index: 937.72, up 0.18% Turnover: DRS 3.99 bil on 1.69 mil shares(1.06 mil advanced) Selective buying in construction and industrial companies sustained the 7th consecutive gains. Alpha Cr Bk was the largest turnover with 484 mil on 27m shares closing at 13,040. EKTER, a small cap construction company, was the 2nd with 216 mil turnover. Most active moves were Nat'l Mort bk, Hell Sugar, and teletypos(MEGA). Construction sector index rose by 1.22 %. There was a clear indication of profit taking but the index was recovered from the earlier losses due to the construction issues. (Our opinion AEGEK is still the best buy tomorrow ! Please attention.) Forex fixing: usd= 227.180, dem= 162.050, jpy= 260.355 Athibor 1mo= 15.57% Money market: Extremely thin due to the excessive liquidity. -Greek wholesale price index rose by 8.5% in May -EU urged Greece to cut deficits and freeze public sector hiring or EU funds might be blocked. Cheers, Akira