ECONOMY

OPAP, up 14 pct, leads rebound of blue chips

The benchmark Athens Exchange (ATHEX) index yesterday climbed the most it has in two months, gaining 118.17 points, or 3.1 percent, to 3,927.3. The FTSE/ATHEX 20 index of the country’s biggest companies rose 3.1 percent to 2,028.96 points. The following stocks were among the most active in trading: OPAP climbed 2.84 euros, or 14 percent, to -22.84, its biggest gain since April 2001. Europe’s third-biggest traded gaming company said on Wednesday fourth-quarter profits rose 13 percent to -174 million on increased sales from its two biggest games. Marfin Popular Bank gained 7.1 percent to -5.46, the biggest advance in two months. The government of Dubai got regulatory approval to increase its stake in Cyprus’s second-largest lender to 29.99 percent from 16.9 percent. Mytilineos Holdings rose 5.6 percent to -8.28, advancing for a second day. The energy and metals trading group said full-year profits rose 83 percent to -193.6 million after it set up a joint venture with Spanish utility Endesa SA. Public Power Corp rose 8.4 percent to -27, its biggest advance in two months. The country’s biggest electricity producer said profits surged tenfold to -222.3 million last year after it sold a stake in a telephone company. Turnover topped -483 million. (Bloomberg)