Folli-Follie, Gek Terna, Hellenic Telecom, PPC: Greek Preview
The following stocks may be active in the Greek market. Symbols are in parentheses after company names and prices are from the previous close.
The benchmark ASE Index rose 68.68, or 5 percent, to 1,438.03. The FTSE/ASE 20 Index of the country’s biggest companies advanced 6 percent to 673.86. The Cypriot General Index gained 7.2 percent to 1,035.38.
Gek Terna SA (GEKTERNA GA): The Greek energy holding company had its share-price estimate cut at Marfin Analysis to 4.9 euros from 5.8 euros. The shares added 1 percent to 2.91 euros.
Hellenic Telecommunications Organization SA (HTO GA): Moody’s Investors Services placed the Baa2 rating for Greece’s largest telephone-services provider on review for possible downgrade. The shares rose 6 percent to 7.15 euros.
Public Power Corp SA (PPC GA: Greece yesterday proposed to the European Commission that the country further liberalize its energy market by exchanging lignite-powered capacity produced by Greece’s biggest electricity producer. The stock added 3.3 percent to 10.9 euros.
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