Greek Shares AFX at a glance outlook

Greek Shares AFX at a glance outlook

	Published : Thu, 22 Mar 2007 09:30 By : Agencies Print this Story

ATHENS (AFX) - The market is expected to higher on Wall Streets overnight gains, while investors are expected to focus on Hellenic Telecomms (OTE) and lottery operator OPAPs full-year results which were released after the market closed yesterday, dealers said.

On Wednesday, the ASE general index outperformed its European peers, gaining 0.6 pct and closing at 4,578.2 points.

FORTHCOMING EVENTS TODAY -Hellenic Telecomms (OTE) conference call on full-year results and business plan -OPAP conference call on full-year results

FRIDAY -EFG Eurobank investors day

PRESS REPORTS -National Bank of Greece to securitise 1 bln eur worth of corporate loans to help improve its return on assets- daily newspaper Kathimerini -Mytilineos is considering a potential merger of its units Aluminum of Greece and Delta Project with Mytilineos Holdings- several unconfirmed press reports

COMPANY NEWS -OPAP announced better-than-expected full-year results with full-year group net profits up 11.2 pct year-on-year to 509.8 mln eur -Hellenic Telecomms (OTE) announced full-year group net profits of 574.6 mln eur from a loss of 216.8 mln eur in 2005, below the median forecast of 787.9 mln eur from an AFX News consensus poll -Titan Cement announced at an investors conference that it will try to increase prices by 7.5-8.5 pct to 7-8 usd per ton in Florida in late March -Aluminum of Greece Extraordinary General Meeting which was to decide on the cancellation of treasury stock was postponed until April 3 due to lack of quorum

-MARKET NEWS/SENTIMENT Market sentiment is expected to be positive today with strong trading as the domestic market is buoyed by overnight gains on Wall Street.

Source: Euro2day.gr NewsWire

cheryl@euro2day.gr

cn/slj

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