Greek shares fall in early afternoon, led by Public Power Corp

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ATHENS (Thomson Financial) - Greek shares fell early afternoon asPublic Power Corp's worse-than-expected first-half results releaseweighed.
At 1:00pm the ASE general index and the blue chip index slid 0.4percent to 3,230.6 and 1,760.2, respectively. Mid caps grew 0.5percent to 3,935.4 and small caps dipped 0.2 percent to 765.1.
Decliners beat advancers 113 to 64 and 146 were unchanged.
Electricity utility Public Power Corp led blue-chip decliners,dropping 6.2 percent to 16.68 euros, after saying it swung to afirst-half net loss of 111.8 million euros against a 99.4 millioneuro profit, weighed by CO2 expenses and fuel costs.
Hellenic Telecoms Organization (OTE) led blue-chip gainers, rising3.3 percent to 14.7 euros on its forecast-beating first-halfresults, in which net profit increased 8.3 percent to 300.4 millioneuros.
Refiner Hellenic Petroleum gained 0.7 percent to 8.48 euros afterits joint venture with Edison was cleared by the EuropeanCommission.
Consumer goods wholesaler Gr.Sarantis after saying Wednesdayfirst-half net profits rose 1.4 percent to 9.54 euros, beatingforecasts.
Homegoods and sports retailer Fourlis Holdings lost 1.5 percent to13.8 euros after Wednesday's first-half results narrowly missedforecasts on the bottom line and EBITDA level, but sales hitexpectations.
National Bank of Greece (nyse: NBG - news - people ) was unchanged at 27.94 euros on investor caution ahead of itsfirst-half results after the close of trade.
Its adjusted net is expected to grow 13 percent to 828 millioneuros on gains from its Turkish unit and cost deceleration.
Marfin Popular Bank Public Co Ltd was 0.4 percent lower at 4.4euros, also ahead of its six-month results after close of trade.Its adjusted net is forecast to rise 8.3 percent to 223 millioneuros.
cheryl.novak@thomsonreuters.com
cn/wj

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