Greek Stocks: Greek Banks, Coca-Cola HBC, Eurobank Properties
Greece’s benchmark ASE Index fell 43.2, or 2.8 percent, to 1,504.23, at the 5:20 p.m. close in Athens, its biggest drop in almost eight weeks.
The following shares were among the most active in Athens trading today. Symbols are in parentheses.
Coca-Cola Hellenic Bottling Co. SA (EEEK GA) gained 1 percent to 18.79 euros after three consecutive days of declines. The world’s second-largest bottler of Coke beverages had its share-price estimate raised to 22 euros from 21 euros at National Securities, which cited signs of economic recovery in the emerging markets of Russia, Ukraine and Nigeria.
Eurobank Properties Real Estate Investment Co. (EUPRO GA) retreated 1.7 percent to 5.90 euros. Greece’s biggest real- estate investment trust had its share price estimate cut to 8.20 euros from 8.50 euros at Alpha Finance, which cited “lower interest and other income,” including a projected “15 percent drop in rents in the next two-year period and some 55 million euros ($76.4 million) of revaluation losses almost equally split between 2010 and 2011.”
Marfin Popular Bank Plc (MARFB GA) dropped 4.1 percent to 1.42 euros, sliding for a fourth straight day. The second- largest lender in Cyprus said it plans to raise 488.6 million euros in a rights offer and as much as 600 million euros in convertible capital securities, according to an Athens bourse filing today. National Bank of Greece SA (ETE GA) fell 4.6 percent to 7.51 euros. EFG Eurobank Ergasias (EUROB GA) slumped 5.2 percent to 4.22 euros. Alpha Bank SA (ALPHA GA) declined 3.4 percent to 4.60 euros. Piraeus Bank SA (TPEIR GA) shed 5.6 percent to 3.53 euros.
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