Selective buying to continue on Greek stocks

Marfin Egnatia expect consolidation trends to continue in ATHEX amid the release of Q1:07 results, despite a supportive relative valuation. With a prospective PE (07e) premium compared to the FTSE Eurofirst 300 of 8%, which is below the 3-year historical average, Greek equities have the fundamental support to outperform European equities.