Greek shares sharply higher in early afternoon, led up by banking sector |
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Wed, 14 Nov 2007 12:11
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ATHENS (Thomson Financial) - Greek shares were sharply higher in the early afternoon and led up by the banking sector, buoyed by the upbeat international market sentiment.At 1.00 pm, the ASE general index jumped 1.2 pct to 5,193.9 and the blue chip index gained 1.5 pct to 2,760.9 Mid caps gained 0.8 pct to 6,520.3 and small caps were 1.3 pct higher at 1,065.Advancers outnumbered decliners 200 to 39 while 87 were unchanged.Alpha Bank spiked 2.9 pct to 25.88 eur on the strong sentiment in the banking market and on renewed market rumors that it may be an acquisition target for the National Bank of Greece or Marfin Investment Group.National Bank of Greece was 2.1 pct higher at 45.98 eur, EFG Eurobank grew 1.9 pct to 24.88 eur, the Bank of Cyprus jumped 1.8 pct to 12.4 eur, all rebounding from recent selling pressure and lifted by the improved sentiment in the banking sector.Bottler Coca-Cola HBC grew 2 pct to 27.48 eur after announcing better than expected nine month results yesterday and after management raised guidance.Metals and engineering holding company Mytilineos was 1 pct higher at 37.1 eur and its engineering unit Metka was up 0.9 pct to 16 eur. Both are expected to release nine month results late this afternoon.Emporiki Bank slid 0.2 pct to 21 eur after saying that its nine month net profits fell 18.8 pct to 76.5 mln eur, which was worse than expected.Renewable energy company and Terna unit Terna Energy dropped 5.4 pct to 10.4 eur on its trading debut on the ASE.Source: Euro2day.gr Newswirecheryl.novak@thomson.comcn/ajbCOPYRIGHTCopyright 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 higher in early afternoon, led by blue chips 