Stocks up for 09 but off year-high
Greek equities rounded off 2009 with gains of 23 percent for the 12-month period but trailed advances on European peers after local stocks took heavy losses in the last few months of the year. The Athens bourse’s benchmark general index finished 2009 at 2,196.16 points, up 0.08 percent for the day. The figure is 25 percent lower than a year-high of 2,932 points, which it reached in mid-October. On a broader level, Greek stocks underperformed foreign peers with the Eurofirst 300 index adding 25.7 percent in 2009 to 1,045.81 points. Top stocks for the year were Proton Bank, Selman and Praxitelio which added 221 percent, 166 percent and 164 percent respectively. The biggest losers were Liberis, Informer and Texapret which tumbled 69 percent, 65 percent and 63 percent respectively.