Greek Stocks: Hellas Online, Intralot, J&P Avax, National Bank
Greece’s benchmark ASE Index added 8.28, or 0.6 percent, to 1,419.67 at the 5:30 p.m. close in Athens, snapping a seven day drop. The measure has still declined 8.3 percent this month.
The following shares were among the most active in Athens trading today. Symbols are in parentheses.
Hellas Online SA (HOL GA) fell 8.9 percent to 51 cents. Forthnet SA (FORTH GA) lost 2.3 percent to 42 cents. The phone company said it broke off exploratory talks with Forthnet, Greece’s second-biggest web services provider, aimed at possible cooperation between the two companies. The company commented in an Athens bourse filing today.
Intralot SA (INLOT GA) dropped for a fourth day, losing 5.2 percent to 2.58 euros. The world’s second-biggest gambling services provider had its share-price estimate lowered by analysts at Cheuvreux AG to 3.7 euros from 4 euros.
J&P-Avax SA (AVAX GA) declined 2.4 percent to 1.21 euros, its biggest drop since Nov. 4. Greece’s second-biggest builder said nine-month net income dropped to 9.8 million euros from 23.4 million euros a year earlier.
National Bank of Greece SA (ETE GA) advanced 3.7 percent to 6.49 euros, erasing a 2.5 percent drop the previous day. Greece’s biggest lender reported a third-quarter profit of 113 million euros, beating the average of 14 analyst estimates of 105.5 million euros in a Bloomberg survey.
Sidenor SA (SIDE GA) fell 5.2 percent to 2.19 euros, its biggest one day slide since Sept. 7. Citigroup lowered its share-price estimate on Greece’s biggest steelmaker to 2.80 euros from 3.10 euros.
Terna Energy SA (TENERGY GA) fell 2.5 percent to 2.72 euros. The Greek renewable-energy company posted nine-month net income of 5.6 million euros from 13.5 million euros a year earlier.
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