Thursday, 8 November 2007

Galp Energia up 13,72%

In a day where PSI 20 ended up broken in two with huge rises but also significant losses I think it is justifiable to publish the entire list of quotes.
Galp benefited from the news of the finding of a very important oil reserve in Brazil, a field where Galp is co-owner. PT Multimedia and are starting (?) to experience the volatility expected for the next months: will they merge?
And EDP is rising probably due to the performance and expectations of its renewable energy investments: EDP is the fourth biggest in the world in this line of business.
On the downturn business as usual bad results equals lower stock exchange value (Impresa), what goes up must come down (Altri), uncertainty can lead to less value (BCP).

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