Eurobank, Fourlis, Hellenic Petroleum, NBG: Greek Market 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 added 8.28, or 0.6 percent, to 1,419.67. The FTSE/ASE 20 Index of the country’s biggest companies advanced 1.1 percent to 671.33, while the Cypriot General Index gained 2.3 percent to 1,108.66.
EFG Eurobank Ergasias SA (EUROB GA): Credit Mutuel Group, a French customer-owned bank, may have been shortlisted for a stake in Polbank, the Polish unit of Greece’s second-biggest lender, Rp.pl reported, citing a person familiar with the transaction.
Separately, the Eurobank was raised to “market perform” from “underperform” at Keefe, Bruyette & Woods. The shares added 0.3 percent to 3.84 euros.
Fourlis Holdings SA (FOYRK GA): The Ikea-franchise holder for Greece, Bulgaria and Cyprus was downgraded to “underperform” from “neutral 1” at Alpha Finance with a target price of 5 euros. The shares rose 0.7 percent to 5.84 euros.
Hellenic Petroleum SA (ELPE GA): Greece’s biggest refiner had its share-price estimate lowered to 6.50 euros from 7.20 euros at Proton Bank SA. The shares gained 1.1 percent to 5.56 euros.
National Bank of Greece SA (ETE GA): Greece’s biggest lender will probably sell a minority stake in its Turkish unit Finansbank AS in the first half of 2011, Chief Financial Officer Anthimos Thomopoulos told analysts on a conference call. The stock added 3.7 percent to 6.49 euros.
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