Greek Stocks: Lamda, National Bank, Opap Move in Athens Trading

Greece’s benchmark ASE Index added 33.82, or 2.1 percent, to 1,622.15 at the 5:20 p.m. close in Athens, after two days of losses. The index gained 1.8 percent this week. Markets in Greece and Cyprus are closed tomorrow for a national holiday.

The FTSE/ASE 20 Index of the country’s biggest companies gained 2.4 percent to 754.96 today. The Cyprus General Market Index rose 1.5 percent to 1,039.93.

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

Lamda Development SA (LAMDA) fell 2.8 percent to 3.79 euros, its biggest drop in a week. The Greek developer posted a full year net loss of 29.1 million euros ($41.1 million), compared with a year earlier profit of 7.7 million euros, according to an Athens bourse filing.

National Bank of Greece SA (ETE) rose 4.4 percent to 6.94 euros, after two days of losses. Net income at Greece’s largest lender fell to 406 million euros from 922 million euros in 2009, the Athens-based lender said in an e-mailed statement. Fourth-quarter profit was 147 million euros, beating the 83.2 million-euro mean estimate of eight analysts surveyed by Bloomberg.

Opap SA (OPAP) gained 2.7 percent to 16.58 euros after declining yesterday. Europe’s biggest listed gambling company had its share price estimate raised to 18.30 euros from 17.20 euros at Marfin Analysis.

To contact the reporter on this story: Tom Stoukas in Athens at astoukas@bloomberg.net

To contact the editor responsible for this story: Andrew Rummer at arummer@bloomberg.net

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