Greek Stocks: Elval, National Bank, Viohalco Move in Athens

Greece’s benchmark ASE Index declined 21.19, or 1.3 percent, to 1,558.57 at the 5:20 p.m. close in Athens, its third straight day of declines.

The FTSE/ASE 20 Index of the country’s biggest companies fell 1.8 percent to 717.3. The Cyprus General Market Index advanced 1.1 percent to 987.93.

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

Elval Aluminum Process Co. (ELBA GA) gained 2.3 percent to 1.35 euros, paring yesterday’s loss. Greece’s only producer of flat-rolled aluminum products reported 2010 net income of 9.5 million euros ($13.4 million), compared with a loss of 2.4 million euros in 2009.

National Bank of Greece SA (ETE) retreated for a third day, losing 2.3 percent to 6.28 euros. Greece’s largest lender by sales had its share price estimate cut to 8 euros from 8.40 euros at Euroxx Securities SA.

Viohalco (BIOX) SA slid 4.1 percent to 4.17 euros, its second day of declines. Greece’s biggest industrial company won’t pay a dividend on its 2010 earnings, according to a statement posted on its website today.

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

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

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