Greek Stocks; Forthnet, National Bank of Greece, PPC Are Active
Greece’s benchmark ASE Index dropped 2.98, or 0.2 percent, to 1,489.46 at the 5:20 p.m. close in Athens, dropping for a seventh consecutive day.
The FTSE/ASE 20 Index of the country’s biggest companies fell 0.1 percent to 681.61. The Cyprus General Market Index rose 1 percent to 963.63.
The following shares were the most active in Athens trading today. Symbols are in parentheses.
Forthnet SA (FORTH) fell 2.3 percent to 42 euro cents, its lowest price in four months. The Greek Internet and pay-TV provider had its price estimate cut to 45 cents from 64 cents at National Securities.
National Bank of Greece SA (ETE) , the country’s largest lender, slipped 1 percent to 5.94 euros, dropping for a seventh consecutive day. Household and business deposits at Greek banks will drop by about 19 billion euros ($27 billion) in 2011 before recovering in 2012, National Bank said in a report today. EFG Eurobank Ergasias SA (EUROB) , Greece’s second-largest lender, also dropped 1 percent to 4.06 euros. Piraeus Bank SA (TPEIR) slid 2.3 percent to 1.28 euros.
Public Power Corp. SA (PPC GA) advanced 1 percent to 11.61 euros, after three days of declines. Greece’s biggest electricity company prequalified for the next phase of a tender to build hydropower plants in the Republic of Macedonia.
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