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Greek Stock Market: Motor Oil Hellas, Opap Are Active in Athens

Feb. 2 (Bloomberg) -- Greece’s benchmark ASE Index added 9.25, or 0.6 percent, to 1,672.85 at 12:40 p.m. in Athens, rising for a sixth day.

The FTSE/ASE 20 Index of the country’s biggest companies rose 0.4 percent to 782.95. The Cypriot General Index was virtually unchanged at 1,244.56.

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

Motor Oil Hellas SA (MOH GA) shares advanced 0.9 percent to 9.28 euros, halting a two day decline. Refinery shutdowns in Egypt could be “beneficial” for Greek refiners as they lead to higher benchmark margins in the eastern Mediterranean, National P&K Securities, which reiterated its “outperform” rating on Greece’s second biggest refiners, said in an e-mailed note.

Opap SA (OPAP GA) declined for a second day this week, falling 0.9 percent to 15.26 euros. Lottomatica SpA is considering entering the Greek gambling market once legislation to regulate it is complete, Kathimerini said.

Opap is Europe’s biggest listed gambling company and has a monopoly on Greek sports betting until 2020.

To contact the reporter on this story: Natalie Weeks in Athens at nweeks2@bloomberg.net

To contact the editor responsible for this story: David Merritt at dmerritt1@bloomberg.net

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