Portuguese Capital Markets Benchmarks
In July 2008, the PSI-20 Share Index dipped down 4.6% to 8,496.58 points by the end of the month. The annual volatility of said Index was greater than that recorded in the previous month and the year-over-year. The turnover in the Spot Secondary Market reached €9,072.6 million, which is comparable to a 6.4% drop when compared to June. This decline was due to the Regulated Markets, whose turnover fell 6.9%. The Non-Regulated Markets recorded a growth of 16.5% in the turnover. The decrease in the amounts traded on the Regulated Markets was attributable to the Eurolist by Euronext Lisbon (-1.3%), with particular salience to the bondholder sector which fell 14.8% and obliterated the growth of 5.4% in the shareholder sector. Likewise the Special Public Debt Market recorded a negative variation of 14.9%, with particular prominence to the Treasury Bills sector, which plummeted 39.2% as against the 8.6% growth recorded in the Treasury Bonds sector. The trades on EasyNext Lisbon soared 46.7% and was responsible for the positive variation recorded in the Non-Regulated Markets. PEX fell 40.3%. Since the beginning of the year, accumulatively, the trading volume on the Spot Market is less than the 30.3% recorded on a year-over-year basis. The market capitalisation of Euronext Lisbon rose 1.1% with respect to June, attaining €211,891.7 million. As to the Regulated Markets, the Investment Units sector fell (15%), with the bondholder sector reflecting a growth of 4.8%. On the Forward Market, the transactions in Futures contracts plunged in respect of June (-64.3%), particularly with regard to Futures on PSI-20, notwithstanding the Futures in shares rising by 8.5%. In the Undertakings for Collective Investment in Transferable Securities and the Special Investment Funds Industry [1], the net asset value under management dipped 2.2% in June, recording changes in at least four active funds. Regarding the Real Estate Investment Funds Industry [2], the number of active funds rose by 2 and the Net Asset Value of Funds recorded a slight dip (-0.4%). 1st August 2008 Table 1 –PSI-20 Index (Values and variation) | | Jul 2008 | Jun 2008 | Jul 2007 | Dec 2007 | Monthly D | Yearly D | In the year D | | PSI-20 (Closing price) | 8,496.58 | 8,904.14 | 13,434.18 | 13,019.36 | -4.6% | -36.8% | -34.7% |
Table 2 –PSI-20 Index (Volatility) | | Monthly Values | Accumulated Values | | PSI-20 | Jul 2008 | Jun 2008 | Jul 2007 | Jan-Jul 2008 | Jan-Jul 2007 | | Volatility (1) | 34.23% | 18.97% | 10.00% | 23.54% | 10.51% | | Maximum(Date) | 8,851.71 (09-Jul) | 10,539.24 (03-Jun) | 13,702.03 (17-Jul) | 12,892.73 (02-Jan) | 13,702.03 (17-Jul) | | Minimum(Date) | 8,011.54 (15-Jul) | 8,904.14 (30-Jun) | 13,248.15 (27-Jul) | 8,011.54 (15-Jul) | 11,226.69 (02-Jan) | | Price Range % (2) | 10.49% | 18.36% | 3.43% | 60.93% | 22.05% | Legend: (1) Annually adjusted volatility=Standard deviation of daily returns ´ Ö250
(2) Price Range % = (Maximum-Minimum)/Minimum. Maximum and Minimum refer to closing prices.
Spot Market: Turnover and market capitalization
Table 3 – Turnover in the Spot Secondary Market (Monthly Values) Unit: 10^6 Euro | | Jul 2008 | Jun 2008 | Jul 2007 | Monthly D | Yearly D | | Regulated Markets | 8,848.7 | 9,501.7 | 29,953.7 | -6.9% | -70.5% | | Stock Exchange Markets | 5,522.2 | 5,594.2 | 10,287.7 | -1.3% | -46.3% | | Ordinary Sessions | 5,503.2 | 5,235.0 | 9,926.2 | 5.1% | -44.6% | | Bonds | 13.0 | 15.3 | 5.7 | -14.8% | 126.4% | | Shares | 5,490.2 | 5,207.2 | 9,920.4 | 5.4% | -44.7% | | Equity Certificates | 0.010 | 0.008 | 0.134 | 14.8% | -92.8% | | Investment Units | 0.00 | - | 0.0 | - | -87.8% | | Rights | - | 12.3 | - | - | - | | Warrants | - | - | - | - | - | | Certificates | - | 0.3 | - | - | - | | Convertibles | - | 0.0010 | 0.0 | - | - | | Extraordinary Sessions | 19.0 | 359.2 | 361.5 | -94.7% | -94.7% | | Special Public Debt Market | 3,326.5 | 3,907.5 | 19,666.0 | -14.9% | -83.1% | | Treasury Bonds | 2,161.5 | 1,991.0 | 18,438.5 | 8.6% | -88.3% | | Treasury Bills | 1,165.0 | 1,916.5 | 1,227.5 | -39.2% | -5.1% | | Non-Regulated Markets | 223.9 | 192.2 | 449.7 | 16.5% | -50.2% | | Unlisted Market (Euronext Lisbon) | 0.07 | 0.03 | 0.2 | 156.0% | -61.3% | | Shares | 0.07 | 0.03 | 0.2 | 156.0% | -61.3% | | Other securities | - | - | - | - | - | | EasyNextLisbon (Euronext Lisbon) (1) | 184.0 | 125.4 | 394.4 | 46.7% | -53.4% | | Bonds | 3.5 | 3.8 | 29.0 | -8.1% | -88.0% | | Warrants | 180.4 | 121.5 | 364.6 | 48.5% | -50.5% | | Certificates | 0.08 | 0.13 | 0.9 | -40.0% | -91.0% | | PEX (2) | 39.8 | 66.7 | 55.0 | -40.3% | -27.7% | | TOTAL | 9,072.6 | 9,693.9 | 30,403.4 | -6.4% | -70.2% | Legend: (1) EasyNext Lisbon was created on 01/10/2004.
(2) PEX was created on 19/09/2003.
Note: This table does not consider Off-Market.
Table 4 – Turnover in the Spot Secondary Market (Accumulated Values) Unit: 10^6 Euro
| | Jan-Jul 2008 | Jan-Jul 2007 | Yearly D | | Regulated Markets | 96,716.4 | 138,959.4 | -30.4% | | Stock Exchange Markets | 39,268.9 | 62,624.9 | -37.3% | | Ordinary Sessions | 38,890.7 | 61,913.4 | -37.2% | | Bonds | 384.5 | 32.4 | 1088.2% | | Shares | 38,131.4 | 61,819.3 | -38.3% | | Equity Certificates | 1.5 | 0.5 | 176.2% | | Investment Units | 0.2 | 0.1 | 64.4% | | Rights | 368.4 | 0.7 | 51340.0% | | Warrants | - | 1.1 | - | | Certificates | 4.63 | 59.2 | -92.2% | | Convertibles | 0.01 | 0.1 | -85.5% | | Extraordinary Sessions | 378.2 | 711.4 | -46.8% | | Special Public Debt Market | 57,447.5 | 76,334.5 | -24.7% | | Treasury Bonds | 47,591.0 | 68,815.5 | -30.8% | | Treasury Bills | 9,856.5 | 7,519.0 | 31.1% | | Non-Regulated Markets | 1,444.1 | 1,853.9 | -22.1% | | Unlisted Market (Euronext Lisbon) | 0.4 | 40.8 | -99.1% | | Shares | 0.4 | 40.8 | -99.1% | | Other securities | - | 0.1 | - | | EasyNextLisbon (Euronext Lisbon) (1) | 1,085.8 | 1,504.0 | -27.8% | | Bonds | 30.4 | 67.5 | -54.9% | | Warrants | 1,054.4 | 1,430.6 | -26.3% | | Certificates | 1.0 | 6.0 | -82.8% | | PEX (2) | 358.0 | 309.0 | 15.9% | | TOTAL | 98,160.5 | 140,813.2 | -30.3% | Legend: (1) EasyNext Lisbon was created on 01/10/2004.
(2) PEX was created on 19/09/2003.
Note: This table does not consider Off-Market.
Table 5 – Extraordinary Sessions
Unit: 10^6 Euro
| Date | Target Company | Offeror | Type | Securities | Value | | 17-07-2008 | SPORTING-SOCIEDADE DESPORTIVA DE FUTEBOL, SAD | | OPS | Bonds | 19.00 | Table 6 - Market Capitalization (Euronext Lisbon) Unit: 10^6 Euro | Market Segment | Jul 2008 | Jun 2008 | Jul 2007 | Dec 2007 | Monthly D | Yearly D | In the year D | | Regulated Markets | 210,699.2 | 208,292.4 | 273,842.6 | 254,073.0 | 1.2% | -23.1% | -17.1% | | Bonds | 48,993.0 | 46,726.9 | 59,336.6 | 45,903.5 | 4.8% | -17.4% | 6.7% | | Shares | 161,571.0 | 161,425.0 | 214,333.0 | 207,895.0 | 0.1% | -24.6% | -22.3% | | Equity Certificates | 28.1 | 28.1 | 28.1 | 28.1 | 0.0% | 0.0% | 0.0% | | Investment Units | 29.5 | 34.7 | 48.0 | 72.6 | -15.0% | -38.5% | -59.3% | | Rights | 0.0 | 0.0 | 0.0 | 43.8 | - | - | -100.0% | | Warrants | 0.0 | 0.0 | 0.0 | 0.0 | - | - | - | | Certificates | 70.0 | 70.0 | 87.0 | 122.0 | 0.0% | -19.5% | -42.6% | | Convertibles | 7.5 | 7.5 | 10.0 | 8.0 | 0.0% | -24.4% | -6.1% | | Non-Regulated Markets | 1,192.6 | 1,215.8 | 2,197.4 | 1,271.9 | -1.9% | -45.7% | -6.2% | | Bonds | 676.1 | 672.4 | 561.3 | 597.0 | 0.5% | 20.4% | 13.2% | | Shares | 113.4 | 121.5 | 351.1 | 152.5 | -6.7% | -67.7% | -25.7% | | Warrants | 312.7 | 320.2 | 1,158.6 | 400.3 | -2.3% | -73.0% | -21.9% | | Certificates | 90.3 | 101.7 | 126.3 | 122.1 | -11.1% | -28.5% | -26.0% | | Other securities | 0.0 | 0.0 | 0.0 | 0.0 | - | - | - | | TOTAL | 211,891.7 | 209,508.1 | 276,040.1 | 255,344.9 | 1.1% | -23.2% | -17.0% |
Forward Market
Table 7 – Turnover in the Forward Market (Monthly) Unit: 10^6 Euro | | Jul 2008 | Jun 2008 | Jul 2007 | Monthly D | Yearly D | | Futures PSI-20 | 31.9 | 109.0 | 70.8 | -70.7% | -54.9% | | Futures on Shares | 10.4 | 9.6 | 18.3 | 8.2% | -43.4% | | Total Futures (1) | 42.3 | 118.6 | 89.1 | -64.3% | -52.5% | | Options PSI-20 | - | - | - | - | - | | Options on Shares | - | - | - | - | - | | Total Options | - | - | - | - | - | Legend: (1) Amounts determined based on the business price. Table 8 – Turnover in the Forward Market (Accumulated) Unit: 10^6 Euro | | Jan-Jul 2008 | Jan-Jul 2007 | Yearly D | | Futures PSI-20 | 544.0 | 610.4 | -10.9% | | Futures on Shares | 158.3 | 126.7 | 24.9% | | Total Futures (1) | 702.3 | 737.1 | -4.7% | | Options PSI-20 | - | - | - | | Options on Shares | - | - | - | | Total Options | - | - | - | Legend: (1) Amounts determined based on the business price.
Asset Management: CIS and REAL ESTATE investment funds Table 9 – Asset Management (Data refers to the previous month) | | 30-06-2008 | 31-05-2008 | 30-06-2007 | 31-12-2007 | Monthly D | Yearly D | In the year D | | CIS | | | | | | | | | No. of Funds | 291 | 295 | 280 | 291 | -4 | 11 | 0 | | Net Asset Value (10^6 Euro) | 20,674.8 | 21,145.0 | 30,144.3 | 25,763.0 | -2.2% | -31.4% | -19.75% | | REIF & SREIF | | | | | | | | | No. of Funds | 220 | 218 | 191 | 204 | 2 | 29 | 16 | | Net Asset Value (10^6 Euro) | 10,612.5 | 10,660.0 | 10,103.9 | 10,450.3 | -0.4% | 5.0% | 1.6% | Legend: CIS (Collective Investment Schemes)=Collective Investment Undertakings in Transferable Securities and Special Investment Funds; REIF=Real Estate Investment Funds; SREIF=Special Real Estate Investment Funds.
The data contained herein is from Dathis, Euronext Lisbon, MTS-Portugal, OPEX and the CMVM (CIS and REIF). The information refers to 2008-08-01. The monthly variation (D monthly) refers to the comparison between the month being analysed and the previous month, annual variation (D annual) the month being analysed and the homologous one, and in the year variation (D in the year) variation value at the end of the current month and the end of the previous year.
|
|
|