ATHENS (Thomson Financial) - The local market is expected to open higher tracking a positive finish in U.S. markets but there may be increased volatility due to the expiration of derivative contracts.
Yesterday, the ASE general index closed 0.3 percent lower to 3,649.4 reversing slim mid session gains and led lower by banks TODAY - Hellenic Technodomiki Tev S.A. AGM MONDAY June 23 - Coca-Cola HBC S.A. AGM - Terna Energy SA AGM TODAYS PRESS - EFG Eurobank Ergasias SA deputy CEO Nicholas Karamouzis said that he considers as more likely mergers between Greek and foreign banks than betwen Greek banks. COMPANY NEWS - Hellenic Petroleum SA acquired a petrol station network in Bulgaria for an undisclosed amount. - Greek Postal Savings Bank SA trades ex dividend of 0.25 euro per share today MARKET NEWS/SENTIMENT - Sentiment in the local market is fragile, on low news-flow and limited liquidity. Recent profit warnings and critical broker notes have added to the selling pressure. - Brokers say that foreign based hedge funds are unloading their position in selective Greek blue chip stocks to boost their liquidity. nick.skrekas@thomsonreuters.com ns/ejb COPYRIGHT Copyright Thomson Financial News Limited 2008. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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