BETA SECURITIES SA Member of the Athens Stock Exchange
Market Comment ASE ended down 2.0% on lower €179.6m volume. NBG closed at €25.58, down 3.18% with 1.0m shares traded. EUROB GA closed also down 3.75% with 1.7m shares traded. OPAP closed down 0.28% on 0.69m shares being traded. European and US markets also dropped. For today’s session, domestic market is expected to open from lower levels, following losses in US and Asia.
Corporate News OPAP GA /Greece said on Monday it will extend the suspension of a new tax on gaming winnings and start talks on the measure, which had met strong opposition from sales agents of the country's betting monopoly OPAP The law, which slaps a 10 percent tax on net winnings from OPAP's games, was passed in July by the country's previous conservative government and was due to go into effect on Oct. 21 after a first suspension of one month. According to press Imerisia, Greece examines the possibility of partial liberalization of Stihima to the Internet.
PIRAEUS GA / Announces the reduction of interest rates to 8.75% for all purchases to be made in the Greek market through its credit cards from 01.11.2009 to 28.02.2010 and at the same time increasing credit card limits by 25% for all clients with performing balances . World Economy United States Existing Home Sales (Sep) 5.57m (consensus: 5.35m, August: 5.09m)
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