The ASE Index fell 15.81, or 1.1 percent, to 1,375.03 as of 1:02 p.m. in Athens, paring the previous day’s gain.
The FTSE/ASE 20 Index of the country’s biggest companies retreated 1.5 percent to 637.15 today, while the Cypriot General Index rose 0.8 percent to 987.42.
The following stocks are among the most active in Athens trading. Symbols are in parentheses.
Alpha Bank AE (ALPHA GA) fell 2.8 percent to 3.49 euros, its fourth day of losses. EFG Eurobank Ergasias SA (EUROB GA) declined 3.3 percent to 3.48 euros. National Bank of Greece SA (ETE GA) also dropped 3.3 percent to 5.84 euros. Piraeus Bank SA (TPEIR GA) fell 4.4 percent to 1.52 euros. European banking stocks retreated as concern mounted that the region’s debt crisis may spread and Portugal may seek a bailout.
OPAP SA (OPAP GA) gained 3 percent to 12.67 euros, after three days of declines. Europe’s biggest listed gambling company had its share price estimate raised to 18 euros from 17 euros at HSBC Holdings Plc, which cited earnings resilience “despite a sharply contracting economy, courtesy of lower betting payout.”
Separately, the Greek government may sell its 35 percent stake in Opap this year after it finishes legislation to regulate the gambling market, Imerisia reported without citing anyone.
To contact the reporter on this story: Tom Stoukas in Athens firstname.lastname@example.org.
To contact the editor responsible for this story: David Merritt at email@example.com.