Greek Stocks: Alpha Bank, Eurobank, National Bank, Public Power
The ASE Index rose 8.78, or 0.6 percent, to 1,495.28 as of 12:26 p.m. in Athens.
The following stocks are among the most active in Athens trading today. Symbols are in parentheses.
Alpha Bank SA (ALPHA GA) gained 2 percent to 4.5 euros, ending a two day drop. EFG Eurobank Ergasias SA (EUROB GA) rose 1.4 percent to 4.24 euros, a second day advance. National Bank of Greece SA (ETE GA) added 1.9 percent to 6.84 euros, paring a 2.2 percent drop the previous trading day.
The rebound that started last week is “likely to continue” as sentiment in Europe improves and the European Central Bank’s bond purchases “resulted in a notable spread tightening across Europe,” National P&K Securities said in its e-mail Weekly Snapshot on Greek and Cypriot banks.
Public Power Corp SA (PPC GA) rose for a second day, gaining 2 percent to 11.15 euros. Greece’s biggest electricity producer said five companies submitted binding offers at “competitive prices” for liquified nitrogen gas cargo shipments in the first-quarter of next year which will lead to “saving on the fuel cost.”
To contact the editor responsible for this story: Angela Cullen at firstname.lastname@example.org.
Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.