Subject: Greek Financial Market Update on July 13 From: Akira Ohno ASE Genral Index: 935.97, up 0.22 % or 2.04 points Turnover: DRS 4.77 bil on 2.2 mil shares(1.3 mil shs advanced) AEGEK was the top turnover issue with 398 mil drs on 741m shs. Lykos Inform(238mil), ATTIKAT(219mil), and Alpha Cr Bk(208mil) followed. Foreign investors took part in by buying a couple of large block transactions. All construction company stocks gained. Alpha Cr Bk and Ergo Bk were active. -Forex fixing: usd=228.680, dem=162.030 -Money market : Deadlocked in highliqidity. Traders wait for tomorrow's 1mo depo auction. -Lykos posted 570mil drs in the 1st half of 95 against 517 mil srs in fiscal 94. -Greek companies filing bankruptcy rose 58 % in the first 6 months 95. -Government started worryingabout the low rate of UE funds absorption and progress in public works. -Signs of Greek economic recovery are very fragile, cautioned by The Economic and Industrial Research Institute(IOVE). -Alte Technical was the lowest bidder for the Alexandroupoli hospital budgeted at 24.4 bil drs. Alte is the leading consortium which include Attikat and French medical supplier and installer Ideal Products. -Central bank will issue only12 mo T-Bills at 15.5% on July 17. Floating rates for T-Notes were set at 16.75, 17.50, and 17.75 for 3-yr, 5-yr, and 7-yr respectively. Goldenjo from Athens