Alpha Bank, EFG Eurobank, Hellenic Petrol, NBG: Greek Preview

The following stocks may be active in the Greek market. Symbols are in parentheses after company names and prices are from the previous close.

The benchmark ASE Index added 70.3, or 4.4 percent, to 1,663.6. The FTSE/ASE 20 Index of the country’s biggest companies advanced 5.4 percent to 780.14. The Cypriot General Index gained 5.3 percent to 1,244.55.

Alpha Bank SA (ALPHA GA): Greek lending to households and businesses contracted an annual 0.2 percent in December compared with growth of 0.4 percent in November, according to the country’s central bank.

Separately, Greece is likely to reorganize debt payments after a March meeting of European policy makers and will implement the plan without triggering a default, according to Nomura International Plc.

Alpha advanced 11 percent to 4.74 euros. EFG Eurobank Ergasias SA (EUROB GA) added 11 percent to 4.74 euros. National Bank of Greece SA (ETE GA) rose 7.7 percent to 7.6 euros.

Frigoglass SA (FRIGO GA): The custom cooler maker for soft drink bottlers and brewers had its share-price estimate raised to 14 euros from 13 euros at Piraeus Securities. The stock climbed 1.4 percent to 11.4 euros.

Hellenic Petroleum SA (ELPE GA): Refinery shutdowns in Egypt could be “beneficial” for Greek refiners as they lead to higher benchmark refining margins in the eastern Mediterranean, National P&K Securities, which reiterated its “outperform” rating on Greece’s two biggest refiners, said in an e-mailed note. Hellenic Petrol added 5.9 percent to 7.38 euros. Motor Oil Hellas SA (MOH GA) shares declined 0.7 percent to 9.2 euros.

Opap SA (OPAP GA): Europe’s biggest listed gambling company had its rating raised to “neutral” from “underperform” at Exane BNP Paribas. The stock gained 4.7 percent to 15.4 euros.

Piraeus Bank SA (TPEIR GA): Greece’s fourth-biggest lender said its rights offer, which raised 807 million euros ($1.1 billion), was oversubscribed 1.3 times. The stock rose 6 percent to 1.76 euros.

To contact the reporter on this story: Natalie Weeks in Athens at nweeks2@bloomberg.net

To contact the editor responsible for this story: David Merritt at dmerritt1@bloomberg.net

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