Monday,, 26 Octtoberr 2009

BETA SECURITIES SA
Member of the Athens Stock Exchange

Market Comment
ASE ended higher 1% on €200m volume. NBG closed at €26.42, up 1.58%, with
1.39m shares traded. EUROB GA closed up 2.56% with 1.6m shares traded.
OPAP closed up 1.23% on 1.47m shares being traded.

Europe ended mixed while US markets closed with losses.

For today’s session, domestic market will seek direction from abroad.


Corporate News
Greek Banks
Fitch has simultaneously downgraded the Support Rating Floors of Greece's four
largest commercial banks, National Bank of Greece, Alpha Bank, EFG Eurobank
and Piraeus Bank. Fitch's believes that the Greek government's propensity to
support banks remains unchanged, but that its ability to do so has been reduced as
reflected in the downgrade of Greece's Long-term IDR to 'A-'. The four banks'
Long-term IDRs remain based on their individual financial strength, as expressed
by Fitch's Individual Rating, and remain unaffected by the downgrade of the Greek
sovereign. Fitch has also downgraded the Long-term ratings assigned to various
programmes and senior notes issued by Greek banks, that are guaranteed by the
Hellenic Republic, to 'A-' from 'A'. The programmes and notes are guaranteed
under the Greek government guarantee scheme. This rating action affects EFG
Eurobank Ergasias's EUR5bn programme for guaranteed issues and Alpha Bank's
EUR1bn guaranteed senior notes and EUR30bn programme for guaranteed issues.
PPC GA/ In talks with big electric car companies (such as Renault – Dacia) for
the creation of the first electric car charging station in Greece.


World Economy
European Monetary Union
Purchasing Manager Index Services (Oct) 52.3 (estimates: 51.4 September: 50.9)

Industrial New Orders s.a. (MoM) (Aug) 2% (estimates: 1.2%, July: 3%)

United Kingdom
Gross Domestic Product (QoQ) (Aug) –0.4% (estimates: 0.2%, July: - 0.6%)

United States
Existing Home Sales (Sep) at 5.57m (estimates: 5.35m, August: 5.09m)

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