Greek shares AFX at a glance outlook |
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Published
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Fri, 09 Feb 2007 09:29
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ATHENS (AFX) - Share prices are expected to open slightly higher, following recent underperformance compared with European markets, with the banking sector expected to remain in focus, dealers said.On Thursday, the Athens Stock Exchange general index closed down about 0.5 pct to 4,705 points, slipping lower for a third straight session, and led down by profit-taking in the Bank of Cyprus.FORTHCOMING EVENTSTODAY-Greek Jan merchandise trade-Germanos EGM to decide on delisting after Cosmote's acquisition of more than 99 pct of coMONDAY-Neochimiki FY results-Bank of Piraeus EGM-Lamda Detergent FY resultsTODAY'S PRESS-EFG Eurobank 2006 FY results net profits up 28.6 pct year on year to 645 mln eur, slightly below consensus of 652.8 mln eur. Broker Dimitris Haralambopoulos of Alpha Finance said it was a solid set of results, but not forecast-beating.-Electricity utility Public Power Corp (PPC) acquisition of Bulgarian power plant Bobov Dol faces a new two month delay, according to press reports.-ATEBank's further privatization will be delayed as the state does not intend to sell a further stake any time soon, according to unconfirmed press reports.MACROECONOMIC NEWS-Greek January CPI up 2.7 pct year on year, down from 2.9 pct in December.MARKET NEWS/SENTIMENT-Dealers expect investors to focus on EFG Eurobank and Marfin Popular Bank which both announced full year results yesterday.Source: Euro2day.gr NewsWireskrekas@euro2day.grns/abrCOPYRIGHTCopyright AFX News Limited 2006. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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Greek January CPI seen at about 2.8 to 2.9 pct year on year 