Greek Stocks: Jumbo, Marfin, National Bank of Greece, Terna Move

Greece’s benchmark ASE Index dropped 6.08, or 0.4 percent, to 1,542.62 at the 5:20 p.m. close in Athens, paring yesterday’s 1.3 percent gain.

The FTSE/ASE 20 Index of the country’s biggest companies dropped 0.3 percent to 754.99. The Cypriot General Index added 2.2 percent to 1,302.9.

The following shares were among the most active in Athens trading today. Symbols are in parentheses.

Jumbo SA (BELA GA) rose 1.1 percent to 5.51 euros. The Greek toy and baby products retailer was upgraded to “accumulate” from “hold” and its share-price estimate was raised to 6.20 euros from 5.90 euros at Marfin Analysis.

Marfin Investment Group (MIG GA) rose 2.3 percent to 88 euro cents, its second day of gains. The biggest buyout fund in southeast Europe announced that Hygeia SA acquired a 100 percent stake in three Turkish hospitals, according to an Athens-bourse filing today. Marfin Investment is the major shareholder of the health services provider.

National Bank of Greece SA (ETE GA) added 1.1 percent to 8.14 euros. Greece’s biggest lender said its 1.8 billion-euro ($2.5 billion) combined rights and convertible bonds offering was oversubscribed by 1.83 times.

Terna Energy SA (TENERGY GA) jumped 7.5 percent to 3.01 euros, the biggest gain in more than two weeks. The Greek renewable-energy company acquired 27,000 of its own shares on Oct. 8, according to an Athens bourse filing.

To contact the reporters on this story: Tom Stoukas in Athens

To contact the editor responsible for this story: Angela Cullen at

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