Athens News Agency: News in English, 01-08-14

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From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

[01] Weather Forecast: Mostly sunny on Wednesday

[02] Greek stocks rebound spectacularily on ASE

[01] Weather Forecast: Mostly sunny on Wednesday

The day will start sunny in all parts of the country on Wednesday with scattered cloud on the mainland from evening that may lead to storms on high ground. Winds north-northeasterly, moderate to very strong, turning gale force in parts of the Aegean. In the west, temperatures will range from 16C to 34C; in the north from 15C to 30C; and in the rest of the country from 18C to 32C. In Athens, the weather will be sunny with temperatures between 20C and 32C. Same in Thessaloniki with temperatures from 17C to 29C.

[02] Greek stocks rebound spectacularily on ASE

Equity prices rebounded spectacularily on the Athens Stock Exchange on Tuesday halting a six-day decline that pushed the market around 7.0 percent lower.

Telecoms shares, spearheaded by Hellenic Telecommunications Organisation (up 4.40 percent), led the rebound following a very positive report by Morgan Stanley over the stock's and the wider market's prospects.

Traders said the fact that only 10 stocks suffered losses and that the general index managed to end at its day's highs were proof of the rebound's strength.

The general index ended 3.04 percent higher at 2,690.46 points, with turnover a moderate 118.621 million euros, or 40.42 billion drachmas.

The FTSE/ASE 20 index for blue chip and heavy traded stocks ended at 1,497.09 points, up 2.46 percent, the FTSE/ASE 40 indexe jumped 3.47 percent to 306.18 points, and the Small Cap index ended at 892.38 points, up 4.07 percent.

The parallel market index for smaller capitalisation stocks ended 2.94 percent higher.

Broadly, advancers led decliners by 338 to 10 with another five issues unchanged.

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