Tuesday, 11 September 2007

Euronext Lisbon – the worst performing Stock Exchange in Europe during August

According to the math done by Diário Económico, Euronext Lisbon’s PSI 20 index lost 3,7% in the past month of August leading by far the worst-off ranking in the European Stock Exchanges. The second worst was the Spanish IBEX 35 that lost 0,01%.
August was also a record breaking months in investment fund liquidations by the Portuguese investor that decided to put their money else where.
Today after an initial big push with PSI 20 climbing almost 1%, the session fallows at this moment with gains of 0,5% (9:50 GMT). The vast majority of the quotes are still far behind the initial values of yesterday’s session, with the exception of EDP (+0,77%).

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