Subject: Greek Financial Market Update on Jul. 18 From: siatrou@cdsp.neu.edu (Steve Iatrou) From: Akira Ohno Subject: Greek Financial Market Update on July 18 Date: 18 Jul 1995 14:25:35 GMT Organization: Olympic Securities SA, member ASE ASE General Index: 946.07, up 0.01% or 0.07 Turnover: DRS 6.04bil on 2.66 mil shares(1.38 mil shs declined) Market opened weak falling to 940.66 but recovered to flat. Delta Dairy(493mil), Ergo BK(319mil), and Michaniki(313mil) were the top three turnover stocks. Construction index fell by 1.3% and the rest of sector indexes were marginal. Alte, AEGEK, and Tech Olympic gained in the construction sector. Three large block transactions of Delta and Aegek were observed. Forex fixing: usd=225.930, dem=162.310, jpy=255.400 Athibor 1mo: 15.62% -National Economy ministry said the hard drachma foreign exchange policy will continue in 1996. -Mid-July 12 mo T-bills raised over 200 bil drs yesterday. -Government officials and German Hochtief failed to conclude the agreement on the new Athens Airport project due to the difference on cost revisions. They will sign within ten days for a new usd 2.3 bil deal. -90 bil drs repo auction will be held tomorrow. Its repurchase price is set at 111 percent. Utamaro in Athens with heatwave...