Thursday, November 20, 2008

PSI 20 opens to lose almost 3% in line with Europe



The Lisbon stock market opened the session on strong drop to reflect the closing of the rather negative indices United States. The Galp, EDP and Portugal Telecom are companies that are more pressing the PSI 20.

Eudora Ribeiro

Thus, at 8:04 a.m., the PSI 20 falls 2.76% to 6098.71 points, in line with European peers, after the Dow Jones index yesterday closed the session Tuesday to back 5.07% and the Nasdaq Tuesday sunk 6, 53% for the lowest rates of the past five and a half years.

In square Lisboa, are the titles of Galp and EDP that more are contributing to the loss. The national oil sinks 6.52% to 7.45 euros, led by energy and Antonio Mexia lost 3.14% to 2621 euros. In turn, EDP Renewable back 3.05% to 4508 euros, while the sum REN 0.8% to 2.53 euros.

Portugal Telecom also pressing the PSI 20. The titles of the national carrier down 2.71% to 5.49 euros.

In Financial Services, the BCP falls 1.74% to 0735 euros, the BES sinks 3.46% for 6325 euros and BPI slides 0.98% to 1514 euros.

Note also that for Sonaecom back 2.0% to 0.98 euros after the JP Morgan has today started coverage of the shares in Sonaecom with a recommendation from 'underweight' and a 'target' of 1.10 euros .

Of the twenty titles that make up the PSI 20, nineteen and a climb down (REN). The total turnover amounted to 2.55 million.

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