Subject: Greek Financial Market Update on July 4 From: Rising Sun ASE General Index: 908.28, up 0.32% or 2.88 points Turnover: 2.8 billion drachma on 1.45 mil shares My obsevation: The market was dull except selective construction stocks. Seems getting ready for early August rally by some market players. If anyone take this traditinal summer rally, you'd better to join now. Bond market: Another quiet day. Forex fixing: usd= 224.345, dem=162.570, jpy= 265.120 Athibor 1mo: 15.53% -Nireus expects the firsst 5 months of 95 sales of grd 1.9 bil. and profit of 400 mil. Total turnover of 5.5 bil and profit of 853mil in 1995. -AEGEK announced 7 bil shares cap increase by right issues and a bonus share distribution to common shareholders. -Greek taxpayers will be obliged to declare income from dividends and interest when a new law is voted by parliament. -Banking profits jumped by 414% in 1994 to drs 128 bil from 25 bil in 93. June inflation was recorded to 9.7 %, the third consecutive single digit inflation in history. -Government will pay civil servants to compensate past bonuses retroactively by distributing 5 year bonds. -Central bank announced 14 day repo tender takes place tomorrow targeting amount of 135 bil. Goldenbull from Athens