Greek shares just lower in the early afternoon, led down by PPC and BOC |
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Sun, 14 Oct 2007 20:53
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ATHENS (Thomson Financial) - Greek shares were slightly lower in the early afternoon, led down by Public Power Corp and the Bank of Cyprus (BOC) a session characterized by mild profit-taking.At 1.00 pm, the ASE general index was 0.3 pct lower at 5,253.5. The blue chip index lost 0.4 pct to 2,783.8 and midcaps slid 0.3 pct to 6,775.4. Smallcaps were 0.2 pct lower at 1,149.9.Decliners outnumbered advancers 152 to 73, while 83 were unchanged.Electricity utility Public Power Corp led blue chip decliners and dropped 3.6 pct to 28.74 eur on profit-taking after outperforming the market over the past few sessions.Bank of Cyprus was also 2 pct lower at 13.52 eur as investors cashed in on recent gains.Marfin Popular Bank (MPB) slid 0.3 pct to 10.14 eur after it said it will sell its 6.45 pct stake in Marfin Investment Group (MIG) at the end of its compulsory holding period which expires Jan 16 2008.Investment holding company MIG was also 0.3 pct lower at 6.72 eur and said that it has acquired 5.02 pct of MPB.Betting technology group Intralot lost 0.4 pct to 29.36 eur as profit-taking offset broker Deutsche Banks report where it upped its target price by 3 pct to 32.8 eur and kept its buy rating because of its new Australian contract win.Bottler Coca-Cola HBC jumped 1.5 pct to 40.4 eur, rebounding from the past two sessions of heavy profit-taking.Refiner Motor Oil was just 0.1 pct higher at 18.54 eur. It announced that an additional 2.1 mln eur tax charge will be posted to unit Avinoil's 2007 results. Brokers said that the charge is insignificant.Source: Euro2day.gr Newswirecheryl.novak@thomson.comcn/jrrCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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Greek shares close flat as Coca-Cola HBC gains offset ATEBank and NBG losses 