Greek Stocks: Agricultural Bank, Fourlis Holdings, National Bank
Greece’s benchmark ASE Index dropped 10.17, or 0.7 percent, to 1,440.64, falling for a fifth day.
The following shares were among the most active in Athens trading today. Symbols are in parentheses.
Agricultural Bank of Greece (ATE GA) dropped 5.5 percent to 69 cents, its biggest drop since Sept. 28. The state- controlled bank reported a nine-month net loss of 117.2 million euros compared with a year earlier profit of 82.4 million euros, according to an Athens bourse filing. Separately, the bank had its share price estimate cut to 80 cents from 1.10 euros at Euroxx Securities.
Fourlis Holdings SA (FOYRK GA) lost 2.9 percent to 5.68 euros, its fourth day of losses. The Ikea-franchise holder for Greece, Bulgaria and Cyprus was downgraded to “neutral” from “outperform” at Proton Bank.
National Bank of Greece SA (ETE GA) dropped 3.9 percent to 6.37 euros, its lowest price in seven years. The cost of insuring bonds sold by European banks rose for a sixth day on concern other governments will follow Ireland in forcing investors to share the cost of bailouts.
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