Greek Stocks; ATEBank, Jumbo, National Bank Are Active in Athens
Stock Chart for National Bank of Greece SA (ETE)
Greece’s benchmark ASE Index rose 39.21, or 2.6 percent, to 1,528.67 at the 5:20 p.m. close in Athens, snapping seven consecutive days of losses.
The FTSE/ASE 20 Index of the country’s biggest companies gained 3.1 percent to 702.61. The Cyprus General Market Index added 2.2 percent to 984.38.
The following shares were the most active in Athens trading today. Symbols are in parentheses.
Agricultural Bank of Greece SA (ATE GA) plunged 9 percent to 61 cents, the lowest level since at least 2001. The state- controlled lender said it plans to sell 1.18 billion shares in a capital increase priced at 1.07 euros apiece.
Jumbo SA (BELA GA) fell 1.6 percent to 5.09 euros, dropping for a fourth day. The gross margin performance of Greece’s largest toy and baby products retailer “may be exposed” to interest rate increases by China’s central bank, Proton Bank said in an e-mailed note today.
National Bank of Greece SA (ETE) , the country’s largest lender gained 3.5 percent to 6.15 euros, after seven consecutive days of losses. Greece’s government said it “completely rules out” a debt restructuring after the Financial Times Deutschland reported several eurozone countries no longer ruled out a reorganization of Greek debt. EFG Eurobank Ergasias SA (EUROB) , Greece’s second-largest bank, added 4.2 percent to 4.23 euros. Alpha Bank SA (ALPHA GA) gained 5.5 percent to 4.59 euros and Piraeus Bank SA (TPEIR) surged 7 percent to 1.37 euros.
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