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 FTSE/ASE 20 Index of the country’s biggest companies gained 0.1 percent to 664.85, while the Cypriot General Index declined 1.5 percent to 1,067.42.

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 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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