Monday, January 3, 2011

Only two blue chip stocks end 2010 with gains

Coca-Cola Hellenic Bottling (21.1%) and Viohalco (2.0%) were the only blue chip stocks to end with gains in 2010, while bank shares suffered heavy losses last year.
 
Coca-Cola Hellenic Bottling also presented the highest capitalisation (7.088 billion euros), surpassing National Bank (5.784 billion euros), while OPAP (4.127 billion), Hellenic Telecoms (3.004 billion) and Public Power Corp. {PPC} (2.491 billion) surpassed all other banking shares.
 
The performance of energy shares was negative but satisfactory, given the very negative conjecture of the Greek economy, with PPC falling by 17.4%, Hellenic Petroleum (-25%) and Motor Oil (-29.5%). Other groups with activities in energy also suffered losses (Mytilineos (-12%), Ellaktor (-35%) and Titan (-19.2%).
 
Bank shares suffered the heaviest percentage losses among blue chip stocks, with ATEbank down 61.9%, MIG (-66.9%), National Bank (-60.7%), Piraeus Bank (-54.9%), Alpha Bank (-53.7%) and Eurobank (-52.4%).
 
Only two stocks scored gains in the Mid Cap index as well: Frigoglass (46.9%) and Folli Follie (39.6%). On the other hand, Alapis (87.3%), Lambrakis Press (78.3%), Geniki Bank (76.4%), Mechaniki (71.6%), ANEK (68.8%), Proton (65.5%), Intracom (64.8%), Vovos (63.6%) and Avax (56%) suffered the heaviest percentage losses.
 
In the Small Cap index, Euroconsultants (54.7%), Eurodrip (34.2%), Selonda (18.3%), Kanakis (18.2%), Haidemenos (18.2%), MLS (16.7%), Dias (10.8%), Flexopack (10.7%), Nireus (10.6%) and Karatzi (9.3%) scored gains, while Intracom Constructions (77.1%), Pegasus (77%), Sprider (76.3%), Ilis (74.3%), Alco (70.6%), Aspis Bank (70.6%), Pasal (65.4%) and Sfakianakis (65.3%) top losers.
 
The composite index of the Athens Stock Exchange ended the year 35.62% down at 1,413.94 points.
 
 
 
 
 
 
ANA