Wednesday,18 Novemberr 2009
BETA SECURITIES SA
Member of the Athens Stock Exchange


Market Comment
The Greek market closed marginally lower –0.1% lower gradually erasing its
intrasession gains. Trading volume stood at €276.6m. ETE ended 1.72% higher at
€23.01 with 5.9m shares traded. EUROB ended 0.38% at €23.01 with 1.5m shares
traded while Alpha Bank closed down 1.71% at €10.36 with 5.9m shares traded.
Focus now turns on the results of Bank of Piraeus and Hellenic Petroleum, to be
announced tomorrow.


Corporate News
EUROB GA /Eurobank, has halved its reliance on European Central Bank funding
as its cash position recovers from the worst of the credit crisis. "Thanks to the
significant improvement of the group's liquidity at home and abroad, in the last six
months Eurobank has markedly reduced its usage of the ECB's liquidity
mechanism by 50 percent, by 6 billion euros, the group's deputy chief executive
Nikos Karamouzis told Reuters on Tuesday. "Gradually the group is
approaching pre-crisis levels of usage," he said.

INLOT GA / In an interview with Reuters, the company’s CEO said Intralot saw
earnings stabilize year-on-year in the third quarter and expects the trend to
continue as foreign exchange losses recede.


World Economy

United Kingdom
Consumer Price Index (MoM) (Oct) up 0.2% more than estimates (September:
unchanged)
Retail Price Index (MoM) (Oct) up 0.3% more than estimates (September: 0.4%)
0.3% 0.0% 0.4%

European Monetary Union
Trade Balance s.a. (Sep) at €6.8B (estimates: - € 0.9B August: €2.2B)

United States
Producer Price Index (MoM) (Oct) increased at 0.3% below estimates for an
increase 0.6% (Sept: -0.6%)
Producer Price Index ex Food & Energy (MoM) (Oct) fell 0.6% vs. estimates for
an 0.1% increase (Sept: -0.1%)
Industrial Production (MoM) (Oct) increased by 0.1% vs. estimates for a 0.4%
increase (September 0.6%)

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