Subject: Greek Financial Market Hotline June 21 Topic: misc-news From: Rising Sun Greek stocks finished down in light trade at 903.49 points or down -0.13%. Turnover was 2.9 billion drachma on 1.6 million shares traded(660m shares declined). Construction(up 1.5%) and insurance(up 0.71%) sectors showed some strenth but all the rest slipped slightly. Heavy turnover issues were AEGEK(345mil drs), Michaniki(279mil),Commercial Bk(158mil), and Boutaris Wine(151mil). Franko Co hit limit up at 1,175 drs. Balkan Export and boutaris were most actively traded stocks in terms of volume. Forex fixing: usd=225.635, dem=161.860, jpy=267.695 -Central Bk announced a 14 day REPO tender the first time today and could drain 100 bil drs at ave rate of 15.51%, which is comparable to ATHIBOR. This bond repo will be buy-backed on July 5. -Government submitted a bill to parliament on combatting money laundering in line with EU directives. -OECD sees slow recovery for Greek economy. -Union of Greek banks met to discuss introduction of derivertives to Athens bourse! -Central bank date shows 90 % o fnew loans to major enterprises during Jan-Mar were in foreign currencies. Central bk worries. -Natwest, Chase, and General bk joined new round of interest rate cuts. -Nat'l minister says Greece will meet requirements for EU economic and monetary union in 1998. -New IPO company: Mylilineos SA, metal trading company , will be listed on July 5-7. Have a good day from Glodenjo in Athens !!!