Monday, 20 August 2007

PSI 20 Monday, August 20, 10h45m update

For the second day in a row the index is recovering strongly from last week’s downfall. At 10h45 is was gaining 1,54%.

All the stocks were on the green, being the biggest movers with increases above 2%:








% Price

Soares da Costa 6.52% 2.45 €

Altri 5.41% 5.84 €

Portucel 4.51% 2.78 €

Sonae.com 4.01% 4.15 €

Galp 2.90% 9.93 €

Sonae SGPS 2.74% 1.87 €

BCP 2.62% 3.52 €





A special note to REN that is gaining 6.64% (6.69€). This implies that it has recovered entirely from the recent devaluation, a goal that most of the titles are still far from achieving.

Update (12h14m): According to Jornal de Negócios today's boost in REN's price is partly explained by the confirmation that the company will enter PSI20. This could potentially increasing its international exposition.

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