Athens News Agency: News in English, 01-09-07

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From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

[01] Weather Forecast: Mostly sunny on Saturday

[02] Greek stocks end week off-lows

[03] Greek inflation eases to 3.8 percent in August

[01] Weather Forecast: Mostly sunny on Saturday

The weather will be sunny in most parts of the country on Saturday, with scattered cloud in the northeast that may turn to showers. Winds northwesterly, moderate, turning strong at sea in the south and then easing off. In the north, temperatures will range from 13C to 27C; on the rest of the mainland from 16C to 30C; and in the Aegean islands from 18C to 29C. Sunshine in Athens, with temperatures between 18C and 29C. Light cloud over Thessaloniki with temperatures from 16C to 27C.

[02] Greek stocks end week off-lows

Equity prices ended the last trading session of a negative week off their day's lows, resisting pressures from declining international markets helped by short-covering buying on the Athens Stock Exchange.

Buying focused in the Publishing, Retailing, small-cap, IT and Holdings sectors, while Hellenic Telecoms' shares found support at 17.90 euros.

The general index ended 0.83 percent lower at 2,647.42 points, off the day's lows of 2,614.23 points, for a net loss of 4.15 percent in the week. Turnover was a low 121.95 million euros, or 41.554 billion drachmas.

The FTSE/ASE 20 index for blue chip and heavy traded stocks ended at 1,488.26 points, off 0.82 percent, the FTSE/ASE 40 index fell 0.61 percent to 288.39 points, and the Small Cap index ended at 849.62 points, off 0.56 percent.

The parallel market index for smaller capitalisation stocks ended at 257.78 points, up 0.12 percent.

Broadly, decliners led advancers by 255 to 72 with another 34 issues unchanged.

[03] Greek inflation eases to 3.8 percent in August

Greece's annual inflation rate, measured by the consumer price index, eased to 3.8 percent in August from 3.9 percent in July, the National Statistics Service said on Friday.

The consumer price index was unchanged in August, on a monthly basis.

The NSS said the annual inflation figure reflected a 11.5 percent increase in alcohol and tobacco prices, a 5.9 percent rise in food and beverages, a 4.5 percent increase in hotel-cafe-restaurant prices, a 3.8 percent increase in entertainment and a 3.7 percent increase in goods and services.

Clothing and footwear rose 2.6 percent in August, housing prices were 3.4 percent higher and education prices rose 3.6 percent.

NSS said Greece's harmonised inflation rate fell to 4.0 percent in August from 4.2 percent the previous month. The average 12-month inflation rate was 3.7 percent in August.

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