Subject: Greek Financial Market Update on Jul. 18
From: siatrou@cdsp.neu.edu (Steve Iatrou)
 
From: Akira Ohno <goldenjo@prometheus.hol.gr>
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...