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Hellenic Exchanges, Neorion, Marfin Bank, PPC Move in Athens

March 10 (Bloomberg) -- Greece’s benchmark ASE Index rose 3.86, or 0.3 percent, to 1,544.88 at the 5:20 p.m. close in Athens, extending yesterday’s 1 percent gain.

The FTSE/ASE 20 Index of the country’s biggest companies gained 0.4 percent to 711.91. The Cyprus General Market Index also added 0.4 percent to 1,002.76.

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

Hellenic Exchanges SA (EXAE GA) lost 1.8 percent to 6.08 euros, the sixth decline in seven days. The operator of the Athens bourse said net income in 2010 fell to 21.3 million euros ($29.4 million) from 29.5 million euros in 2009.

Marfin Popular Bank Pcl (MARFB GA) added 1.2 percent to 88 euro cents, gaining for a second day. Cyprus’s second-biggest lender said it completed the sale of an 85 percent stake in its Australian Laiki unit to Bank of Beirut S.A.L. for $144.6 million, according to an Athens bourse filing.

Neorion Holdings SA (NEORS GA) plunged 13 percent to 20 cents, the lowest price since its initial public offering in 1999. The operator of Greece’s oldest shipyard said its shipbuilding and repair unit filed for creditor protection after facing liquidity problems.

Public Power Corp. SA (PPC GA) rose 4.2 percent to 11.59 euros, its biggest gain in seven weeks. Greece plans to transfer the transmission unit of Desmie, the state-owned power grid operator, to Public Power Corp. as a wholly owned unit, Kathimerini reported.

To contact the reporter on this story: Tom Stoukas in Athens at astoukas@bloomberg.net

To contact the editor responsible for this story: Andrew Rummer at arummer@bloomberg.net

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