Marfin Popular Bank, NBG, Piraeus Bank: Greek Stock Preview

The following stocks may rise or fall in the Greek market today. Symbols are in parentheses after the company names and prices are from the previous close.

The benchmark ASE Index fell 16.57, or 1.1 percent, to 1,493.59. The FTSE/ASE 20 Index of the country’s biggest companies declined 1.1 percent to 709.26, while the Cypriot General Index dropped 0.8 percent to 1,190.32.

Marfin Popular Bank SA (MARFB GA): Cyprus’s second-biggest lender got board approval for a plan to raise 1.15 billion euros ($1.56 billion) in a sale of shares to existing shareholders and convertible bonds. The stock lost 1.6 percent to 1.23 euros.

National Bank of Greece SA (ETE GA): Greece’s biggest lender named six international banks to manage the sale of as much as 20 percent of its stake in Turkish unit Finansbank AS, according to an e-mailed statement from the Athens-based bank. The shares dropped 3.2 percent to 7.25 euros.

Piraeus Bank SA (TPEIR GA) Shent Enterprises Ltd. acquired 200,000 shares in Greece’s fourth-biggest lender for a total of 634,203 euros, according to an Athens bourse filing. The stock added 0.6 percent to 3.19 euros.

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.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.