Greek Stocks: Alpha Bank, Eurobank, Intralot, National Bank
Greece’s benchmark ASE Index rose 20.22, or 1.3 percent, to 1,548.7 at the 5:20 p.m. close in Athens, paring a 1.6 percent drop the previous trading day.
The following shares were among the most active in Athens trading today. Symbols are in parentheses.
Alpha Bank SA (ALPHA GA) added 4.1 percent to 5.36 euros, erasing a 2.7 percent drop on Oct. 8. EFG Eurobank Ergasias SA (EUROB GA), the second-biggest bank, advanced 4.3 percent to 5.13 euros. National Bank of Greece SA (ETE GA) gained 3.9 percent to 8.05 euros. Piraeus Bank SA (TPEIR GA) added 1.5 percent to 4.05 euros. “Positive reaction” that started last week on positive news is expected to “continue as the news-flow remain positive,” National P&K Securities wrote in an e-mailed note on Greek and Cypriot Banks.
Intralot SA (INLOT GA) advanced 2 percent to 3 euros, adding to last week’s 4.3 percent gain. The French unit of the world’s second-biggest gambling services provider won a five- year license for online sports-betting.
“The development seems positive,” as the expenses of running an internet betting site are relatively small and Intralot has the “know-how” to offer competitive odds, Proton Bank wrote in an e-mailed note.
To contact the editor responsible for this story: Angela Cullen at firstname.lastname@example.org.