Greek shares close sharply higher, Marfin Investment Group soars UPDATE
- By Pete Marks
- Published 03/11/2008
ATHENS, Mar. 11, 2008 (Thomson Financial delivered by Newstex) --
Shares closed sharply higher, lifted by Wall Street's higher opening,
with blue chips led up by Marfin Investment Group.
The ASE general index closed 1.5 pct higher at 3,987.6 and blue chips rose 2 pct to 2,055.3. Mid caps grew 1 pct to 4,839.5 and small caps slid 0.4 pct to 882.7.
Advancers outnumbered decliners 160 to 99 and 63 were unchanged in solid trade of roughly 486 mln eur.
Marfin Investment Group led blue-chip gainers throughout the session and jumped 10.3 pct to 4.26, after recently being oversold. Sentiment surrounding shares improved after it announced several acquisitions last week.
National Bank of Greece (NYSE:NBG) closed 1.4 pct higher at 36.16 eur after it confirmed it has placed a bid for Banque du Caire.
Cosmetics and goods wholesaler Sarantis dropped 3.9 pct to 11.1 eur after it said that full-year
net profits grew 40 pct
year on year to 31.92 mln eur, boosted by its developed markets sales
and a one-off gain.
Alt telecom and ISP provider Forthnet rose 1.5 pct to 7.7 eur. It said it submitted a binding offer for NetMed NV for an unspecified amount.
Metals and engineering company Mytilineos gained 2.8 pct to 9.54 eur and continued its upward trend after its coverage was initiated with a buy rating last week by Deutsche Bank. (NYSE:DB)
Luxury goods retailer Folli Follie ended 0.5 pct lower at 18.8 eur ahead of its full-year results announcement scheduled for tomorrow. Its full-year group net profit is expected to grow 8.4 pct year on year to 70.7 mln eur.
Source: Euro2day.gr Newswire
Copyright 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.
The ASE general index closed 1.5 pct higher at 3,987.6 and blue chips rose 2 pct to 2,055.3. Mid caps grew 1 pct to 4,839.5 and small caps slid 0.4 pct to 882.7.
Advancers outnumbered decliners 160 to 99 and 63 were unchanged in solid trade of roughly 486 mln eur.
Marfin Investment Group led blue-chip gainers throughout the session and jumped 10.3 pct to 4.26, after recently being oversold. Sentiment surrounding shares improved after it announced several acquisitions last week.
National Bank of Greece (NYSE:NBG) closed 1.4 pct higher at 36.16 eur after it confirmed it has placed a bid for Banque du Caire.
Cosmetics and goods wholesaler Sarantis dropped 3.9 pct to 11.1 eur after it said that full-year
Alt telecom and ISP provider Forthnet rose 1.5 pct to 7.7 eur. It said it submitted a binding offer for NetMed NV for an unspecified amount.
Metals and engineering company Mytilineos gained 2.8 pct to 9.54 eur and continued its upward trend after its coverage was initiated with a buy rating last week by Deutsche Bank. (NYSE:DB)
Luxury goods retailer Folli Follie ended 0.5 pct lower at 18.8 eur ahead of its full-year results announcement scheduled for tomorrow. Its full-year group net profit is expected to grow 8.4 pct year on year to 70.7 mln eur.
Source: Euro2day.gr Newswire
Copyright 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.
