Greek Stocks: Alpha Bank, Hygeia, Marfin Bank, NBG, Titan Move
Greece’s benchmark ASE Index added 20.80, or 1.3 percent, to 1,642.7 at the 5:20 p.m. close in Athens, halting a two-day drop.
The FTSE/ASE 20 Index of the country’s biggest companies advanced 1.4 percent to 768.93. The Cypriot General Index gained 1.1 percent to 1,221.4.
The following shares were the among most active in Athens trading today. Symbols are in parentheses.
Hygeia Diagnostic & Therapeutic SA (HYGEIA GA) gained for a second day, adding 1.4 percent to 71 euro cents. The Greek hospital operator said it will sell a 50 percent stake in Genesis Holdings SA, which owns four hospitals of the Safak Group in Turkey, for $22 million.
Marfin Popular Bank Plc (MARFB GA) climbed 2.8 percent to 1.12 euros, snapping a two-day drop. Cyprus’s second-biggest lender said its 488 million-euro ($657 million) sale of new stock to shareholders was oversubscribed.
National Bank of Greece SA (ETE GA) rose 1.5 percent to 7.48 euros as the finance ministry said Greece may extend another 30 billion euros in guarantees to the country’s banks to boost liquidity. EFG Eurobank Ergasias SA (EUROB GA), Greece’s second-largest lender, added 0.9 percent to 4.39 euros. Alpha Bank SA (ALPHA GA) gained 3.2 percent to 4.50 euros. Piraeus Bank SA (TPEIR) rose 1.9 percent to 1.59 euros.
Titan Cement Co. SA (TITK GA) climbed 2.9 percent to 15.79 euros, its biggest gain this year. Egypt’s ruling army council said it aims to hand power to a democratically elected government within six months, after protests ended 30 years of autocratic rule by President Hosni Mubarak. The developments are “good news” for Greece’s largest cement producer, which saw production minimized at its two Egyptian plants during the unrest, Proton Bank wrote in an e-mailed note.
To contact the reporter on this story: Tom Stoukas in Athens at firstname.lastname@example.org