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Greek Stocks: Fourlis Holdings, Public Power, Titan Cement

Nov. 24 (Bloomberg) -- Greece’s ASE Index declined 0.64, or less than 0.1 percent, to 1,450.81, dropping for a fourth day.

The FTSE/ASE 20 Index of the country’s biggest companies added 0.2 percent to 685 today. The Cypriot General Index rose 0.5 percent to 1,124.7.

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

Fourlis Holdings SA (FOYRK GA) lost 2 percent to 5.85 euros, a third straight decline. The Ikea-franchise holder for Greece, Bulgaria and Cyprus said nine-month profit dropped to 12.3 million euros from 23.1 million euros in the same period a year earlier.

Separately, Cheuvreux cut its share-price estimate on the company to 5.70 euros from 6.50 euros.

Public Power Corp SA (PPC GA) fell for a fourth day, shedding 3.5 percent to 11.52 euros. Greece’s biggest electricity company reported a nine-month profit of 520.2 million euros, compared with 741.8 million euros in the same period a year earlier.

Titan Cement Co SA (TITK GA) lost 1.9 percent to 15.2 euros. Greece’s biggest producer of the building material posted a third-quarter profit of 30 million euros compared with 44.3 million euros a year earlier.

To contact the reporter on this story: Natalie Weeks in Athens

To contact the editor responsible for this story: Angela Cullen at

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