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Greek Stocks: ATEBank, Folli-Follie, NBG, PPC, Titan Cement

The ASE Index rose 16.93, or 1.2 percent, to 1,390.84 at the 5:20 p.m. close in Athens, marking a 1.6 percent loss in the first week of 2011.

The FTSE/ASE 20 Index of the country’s biggest companies added 1.1 percent to 647.14, while the Cypriot General Index advanced 0.4 percent to 979.78.

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

Agricultural Bank of Greece SA (ATE GA) rose 1.5 percent to 0.67 euros. National Bank of Greece (ETE GA) gained 1 percent to 6.04 percent, reversing two days of decline.

Greece will announce investment worth 4 billion euros ($5.2 billion) in March under a plan to inject liquidity into Greece’s economy, the Athens News Agency reported, citing Economy and Competitiveness Minister Michalis Chrisochoides.

Folli-Follie Group SA (HDF GA) stock advanced 17.5 percent to 12.88 euros, as shares in the group formed by airport and port retailer Hellenic Duty Free Shop SA’s merger with Folli- Follie SA (FOLLI GA) and Elmec Sports SA (ELME GA) started trading.

Separately, Hellenic Duty said the finance ministry approved the reopening of duty free petroleum product distribution points at three Greek border crossings, according to an Athens bourse filing today.

Public Power Corp SA (PPC GA) halted a two-day decline, rising 2 percent to 10.35 euros. Greece’s government allocated 218.6 million euros to infrastructure improvement projects the country’s biggest electricity producer will carry out.

Titan Cement Co SA (TITK GA) dropped for a second trading day, declining 1 percent to 15.89 euros. Greece’s biggest producer of the building material said it got a 585 million-euro forward-start loan to refinance debt.

To contact the reporter on this story: Eleni Chrepa in Athens echrepa@bloomberg.net

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

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