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Greek Stocks: J&P Avax, Public Power Move in Athens Trading

Jan. 25 (Bloomberg) -- The ASE Index dropped 18.25, or 1.2 percent, to 1,530.40 as of 12:05 p.m. in Athens, reversing its advance the previous day.

The FTSE/ASE 20 Index of the country’s biggest companies lost 1.3 percent to 715.37, while the Cypriot General Index declined 1.4 percent to 1,148.29.

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

J&P Avax SA (AVAX GA) gained 0.8 percent to 1.27 euros. Greece’s second-biggest construction company was named the preferred bidder for a 59.4 million-euro ($81 million) public-private partnership project for the construction of 10 schools in the greater Athens region, capital.gr reported, without citing anyone.

Public Power Corp. SA (PPC GA) dropped 0.8 percent to 7.50 euros. Greece’s energy regulator, RAE, turned down Public Power’s request to use its lignite-powered Megalopoli I and II stations as back-up units for electricity generation, Imerisia reported.

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

To contact the editor responsible for this story: Angela Cullen at acullen@bloomberg.net

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