ECONOMY

Coke bottler and Alpha Bank lead blue chips

Greek shares advanced for a second day yesterday, in line with trends in the rest of Europe. Coca-Cola Hellenic Bottling Co, the world’s second-biggest bottler of Coke drinks, and Alpha Bank paced gains. The Athens Exchange (ATHEX) general index added 0.92 percent, to 5,177.09 points as 41 stocks advanced, 14 fell and five ended unchanged. The FTSE/ATHEX 20 index of the country’s largest companies increased 1.06 percent to 2,747.76. The respective mid-cap and small-cap indices rose 0.69 percent and 0.86 percent respectively. The Cypriot General Index rose 0.3 percent to 5,085.60. Coca-Cola HBC added 2.9 percent, to -27.70. Dresdner Kleinwort raised its recommendation for the shares to «add» from «hold.» Alpha Bank rose 3.3 percent, to -25.96, on news it will be permitted to join a state-run pension fund created in 2005 to help banks reduce costs. Hygeia advanced 3.7 percent, to -4.46. The clinic operator said third-quarter profits gained 38 percent to -1.8 million. Terna Energy dropped 4.9 percent, to -10.46 on its first day of trading on the Athens bourse. Postal Savings Bank was 1.85 percent higher, Hellenic Petroleum gained 1.66 percent and National Bank rose 1.55 percent. Turnover totaled -533.7 million, of which -155.7 million was in block trades. (Bloomberg, Kathimerini)