Greek Stocks: ATE, Corinth Pipe, Eurobank, NBG, Piraeus Bank
Greece’s benchmark ASE Index declined 31.75, or 2 percent, to 1,579.76 at the 5:20 p.m. close in Athens, its second day of losses.
The FTSE/ASE 20 Index of the country’s biggest companies fell 2.4 percent to 730.29. The Cyprus General Market Index dropped 3.4 percent to 977.42.
The following shares were the most active in Athens trading today. Symbols are in parentheses.
Corinth Pipeworks SA (SOLK) plunged 8.2 percent to 1.01 euros, its biggest drop in 11 months. The Greek steel-pipe maker posted a 2010 net loss of 1.6 million euros ($2.25 million), compared with a profit of 20.2 million euros in 2009, according to an e-mailed statement from the company.
Hygeia Diagnostic & Therapeutic SA (HYGEIA GA) sank 4.8 percent to 60 euro cents, dropping the most in three weeks. The Greek hospital operator reported a 2010 net loss of 77.6 million euros compared with net income of 10.7 million euros in 2009, according to an Athens bourse filing.
National Bank of Greece SA (ETE) , the country’s largest lender, fell 3.9 percent to 6.43 euros, its second day of losses. Greece’s credit rating was cut two steps by Standard & Poor’s, which said the country may renege on its obligations, forcing it to restructure its debt. Greece’s outlook remains negative, according to the statement.
EFG Eurobank Ergasias SA (EUROB) , Greece’s second largest bank, dropped 5 percent to 4.60 euros. Alpha Bank SA (ALPHA GA) slid 1.6 percent to 4.95 euros and Piraeus Bank SA (TPEIR) slumped 5.8 percent to 1.47 euros. Agricultural Bank of Greece (ATE) SA, a state-controlled lender, dropped 5.1 percent to 74 euro cents.
Terna Energy SA (TENERGY) slid 1.7 percent to 3.50 euros, declining for a second day. The Greek renewable energy company said full-year net income fell to 9.5 million euros from 16.1 million euros in 2009, according to an e-mailed statement from the company.
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