Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Greek Stocks: Alpha Bank, Marfin Investment Are Active in Athens

March 23 (Bloomberg) -- Greece’s benchmark ASE Index declined 22.88, or 1.4 percent, to 1,588.33 at the 5:20 p.m. close in Athens, its second day of losses.

The FTSE/ASE 20 Index of the country’s biggest companies fell 1.8 percent to 736.98. The Cyprus General Market Index dropped 0.8 percent to 1,025.06.

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

Alpha Bank SA (ALPHA GA) dropped 4.9 percent to 4.89 euros after dropping 3.6 percent the previous day. Greece’s third-largest bank posted 2010 net income of 85.6 million euros ($121.6 million) compared with 349.8 million euros in 2009 as loan losses rose amidst a shrinking economy, according to an e-mailed statement. The bank was cut to “hold” from “buy” at Eurobank EFG Equities with a share price estimate of 5.80 euros.

Marfin Investment Group SA (MIG GA) fell 5.8 percent to 81 cents, its biggest drop in two weeks. The board of Southeast Europe’s biggest buyout fund approved a 256.7 million-euro share capital increase and the issue of a 684.7 million-euro convertible bond loan to pursue investment opportunities, according to an e-mailed statement today.

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

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.