Greek Stocks: Alpha Bank, Hellenic Telecom, NBG, Piraeus Bank

ASE Index rose 32.05, or 2.1 percent, to 1,539.84 as of 11:43 a.m. in Athens, advancing for a second day.

The FTSE/ASE 20 Index of the country’s biggest companies gained 2.5 percent to 737.58 today, while the Cypriot General Index added 2.1 percent to 1,271.95.

The following stocks are among the most active in Athens trading. Symbols are in parentheses.

Alpha Bank SA (ALPHA GA) rose 4.4 percent to 4.71 euros, snapping a three day drop. EFG Eurobank Ergasias SA (EUROB GA) gained for a second day, advancing 5.1 percent to 4.34 euros. National Bank of Greece SA (ETE GA) added 3.4 percent to 7.65 euros, heading for its biggest one day advance since Oct. 13. Near term Greek banks are expected to “react positively” as the government clarified it doesn’t plan to hold early elections “removing political risk” and as deposits data “confirmed a stabilization trend,” National P&K Securities analyst Panagiotis Kladis wrote in an e-mailed note.

Deposits by businesses and households held in Greek banks in September were at 212.8 billion euros ($297.2 billion) compared with 213 billion euros in August, according to Bank of Greece data.

Dias Aquaculture SA (DIFF GA) gained 1.2 percent to 1.68 euros, extending a 3.1 percent rise the previous trading day. The Greek fish farmer signed a deal to acquire the 49 percent it doesn’t already own in Merkos SA, according to an Athens bourse filing.

Hellenic Telecommunications Organization SA (HTO GA) rose 2.6 percent to 6.02, climbing for a fifth day. National P&K Securities raised its rating on Greece’s biggest telephone services provider to “outperform” from “neutral” as the new management is expected to focus on cost containment, streamlining retail operations and customer relations, “areas of traditional weakness.”

Jumbo SA (BELA GA) added 4.3 percent to 5.39 euros, paring losses last week. Greece’s biggest toy and baby products retailer said sales growth in the first four months of the current fiscal year was “positive,” according to an e-mailed statement today.

Piraeus Bank SA (TPEIR GA) advanced 1.2 percent to 3.34 euros, halting eight days of straight losses. Shent Enterprises Ltd. acquired 250,000 shares in Greece’s fourth-biggest lender for a total of 817,068 euros, according to an Athens bourse filing today.

To contact the reporter on this story: Natalie Weeks in Athens nweeks2@bloomberg.net.

To contact the editor responsible for this story: David Merritt at dmerritt1@bloomberg.net.

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