Greek Stocks: Alpha Bank, Fourlis, Public Power, Titan Cement

The ASE Index fell 15.49, or 1.1 percent, to 1,435.96 as of 11:48 a.m. in Athens. The gauge is headed for a fifth week of losses.

The FTSE/ASE 20 Index of the country’s biggest companies dropped 1.2 percent to 674.94, while the Cypriot General Index declined 0.2 percent to 1,116.36.

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

Alpha Bank SA (ALPHA GA) fell 2 percent to 4.44 euros, dropping for a third day. Greece’s third-largest lender said third-quarter profit slipped to 37.3 million euros ($49.7 million) from 129.9 million euros from a year earlier.

Separately, Goldman Sachs Group Inc. lowered its share- price estimate on the lender to 4.9 euros from 5.1 euros.

Fourlis Holdings SA (FOYRK GA) lost 1.2 percent to 5.9 euros, a third straight decline. The Ikea-franchise holder for Greece, Bulgaria and Cyprus said nine-month profit dropped to 12.3 million euros from 23.1 million euros in the same period a year earlier.

Public Power Corp SA (PPC GA) fell for a fourth day, shedding 2 percent to 11.7 euros. Greece’s biggest electricity company reported a nine-month profit of 520.2 million euros, compared with 741.8 million euros in the same period a year earlier.

Titan Cement Co SA (TITK GA) lost 1.9 percent to 15.2 euros. Greece’s biggest producer of the building material posted a third-quarter profit of 30 million euros compared with 44.3 million euros a year earlier.

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

To contact the editor responsible for this story: Angela Cullen at acullen8@bloomberg.net.

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