Greek Stocks: Alpha Bank, Eurobank, Fourlis, Opap, Piraeus Bank

Greece’s benchmark ASE Index lost 36.21, or 2.6 percent, to 1,354.63, erasing a 1.2 percent rise the previous trading day.

The FTSE/ASE 20 Index of the country’s biggest companies declined 3.5 percent to 624.51 today. The Cypriot General Index lost 2.1 percent 958.92.

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

Alpha Bank SA (ALPHA GA) lost 8.1 percent to 3.3 euros, falling for a fourth day. EFG Eurobank Ergasias SA (EUROB GA) declined 9.7 percent to 3.25 euros, dropping the most since May 4. National Bank of Greece SA (ETE GA)fell 6.6 percent to 5.64 euros. Piraeus Bank SA (TPEIR GA) shed 5 percent to 1.51 euros, marking a fifth loss. European banking stocks retreated on concern that Portugal or Spain may follow Ireland in seeking a bailout.

Separately, Piraeus shares started trading without the right to participate in a 12 new for every 5 shares held at 1 euro rights offer aimed at raising 807.1 million euros ($1.04 billion).

Bank of Cyprus Pcl. (BOC GA), the biggest bank on the eastern Mediterranean island, dropped 5.4 percent to 2.27 euros, reversing a 3 percent climb on Jan. 7. Marfin Popular Bank Pcl. (MARFB GA), Cyprus’s second-biggest lender, declined 4.7 percent to 1.02 euros, its biggest one day fall since Nov. 2. Cyprus sold fewer 26-week and 39-week Cypriot Treasury bills than the 600 million euros offered after investor demand weakened.

Fourlis Holdings SA (FOYRK GA) dropped 5.7 percent to 5.3 euros, reversing a 2.9 percent advance the previous trading day. The Ikea franchise-holder for Greece, Cyprus and Bulgaria had its rating lowered to “neutral” from “overweight” at HSBC Holdings Inc.

Opap SA (OPAP GA) gained 3.1 percent to 12.68 euros, partially reversing losses the previous week. HSBC raised its share-price estimate on Europe’s biggest listed gambling company to 18 euros from 17 euros.

To contact the reporter on this story: Natalie Weeks in Athens

To contact the editor responsible for this story: David Merritt at

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