Subject: Greek Financial Market Update on June 16 Topic: misc-news From: Rising Sun Athens stocks opened high but could not sustain the momentum ending at 914.67 points, down -0.62% on Friday. Turnover was 3.3 bil drachma on 1.8 mil shares traded(690 m shs declined). Bank sector index dropped 1.54 % and the rest weere almost flat. Topturnover was Commercial Bk(552mil drs), and Shelman(154mil), Ionian Bk(136mil), Alpha Cr Bk(120mil) followed. Forex fix: usd =227, dem=161.5, jpy=268.62 -Nat'l Economy ministry expects inflation to fall below 9.8% in June and ease to 9.5% in July. -Interest rate cuts by banks will be favorable for Athens bourse. Nat'l Bk of Greece announced to cut its deposit rate to 13 % and other banks will follow. -German HDW shipyards, and Ferrostahl are interested in buying Skaramamga shipyards, -Central Bk offered 150 bil drs one-month depo at weely auction resulted at the weight average rate of 15.34%. -GREEK SAMURAI bonds were lauched on June 14 in Japan: 5 yr jpy 40 bil cpn 3.05% 10 yr jpy 40 bil cpn 4.55% 20 yr jpy 20 bil cpn 5.8% Rating was A by JBRI. Lead magrs: Nomura and Daiwa Sec I express deep sympathy to the people died and injured by the tragic earthquake hit yesterday in Aegio. Nice weekend, everyone from Athens! Goldenbull.