Portuguese Capital Markets Benchmarks
In July 2009, trading volume on the secondary market registered € 7,911 - an increase of 20.3% in comparison to June. Said increase was boosted by trading in treasury bonds and treasury bills with a 50.9% and 28.4% increase, respectively.
The PSI-20 Share Index rose 2.6% to 7 292.99 points and the volatility dropped to 14.20% (17.42% during the month of June).
The market capitalisation of Euronext Lisbon gained 4.8% and was up € 187,006.3 million (€ 178,458.7 million in June). The share sector of the regulated markets increased 10.3% whereas the bonds sector dropped 15.6%.
Issuers with the highest weighting on the PSI-20 Index were Portugal Telecom (14.724%), EDP (12.985%) and BES (11.447%) followed by BCP with 11.05% and Galp with 10.299%.
The trading volume in futures fell 78.8% to € 21.7 million (€ 102.3 million in June) following the 90% plunge in futures on shares and 78% in futures on the PSI-20.
PSI-20 Index
Table 1 - Values and Variation
|
|
Jul 2009 |
Jun 2009 |
Jul 2008 |
Dec 2008 |
Monthly D |
Yearly D |
In the year D |
|
PSI-20 (Closing Price) |
7.292,99 |
7.110,88 |
8.496,58 |
6.341,34 |
2,6% |
-14,2% |
15,0% |
Table 2 – Volatility
|
|
Monthly Values |
Accumulated Values |
|
PSI-20 |
Jul 2009 |
Jun 2009 |
Jul 2008 |
Jan-Jul 2009 |
Jan-Jul 2008 |
|
Volatility (1) |
14,20% |
17,42% |
34,23% |
20,15% |
23,54% |
|
Maximum(Date) |
7.346,80 (30-Jul) |
7.298,08 (01-Jun) |
8.851,71 (09-Jul) |
7.355,48 (08-May) |
12.892,73 (02-Jan) |
|
Minimum(Date) |
6.942,81 (10-Jul) |
6.910,00 (17-Jun) |
8.011,54 (15-Jul) |
5.743,09 (03-Mar) |
8.011,54 (15-Jul) |
|
Price Range % (2) |
5,82% |
5,62% |
10,49% |
28,08% |
60,93% |
Legend: (1) Annually adjusted volatility=Standard deviation of daily returns ´ Ö250
(2) Price Range % = (Maximum-Minimum)/Minimum. Maximum and Minimum refer to closing price.
Table 3 –PSI-20 Portfolio (End-period)
|
Shares |
Jul 2009 |
Jun 2009 |
Jul 2008 |
Monthly D |
Yearly D |
|
TELECOM-N. |
14,724% |
14,904% |
15,785% |
-0,18 p.p |
-1,061 p.p |
|
E.D.P.NOM. |
12,985% |
13,450% |
17,087% |
-0,465 p.p |
-4,102 p.p |
|
BES.NPR |
11,447% |
10,355% |
9,251% |
1,092 p.p |
2,196 p.p |
|
BCP....NPR |
11,054% |
10,999% |
11,076% |
0,055 p.p |
-0,022 p.p |
|
GALP-NOM |
10,229% |
11,501% |
9,473% |
-1,272 p.p |
0,756 p.p |
|
EDP RENOVA |
7,037% |
7,360% |
- |
-0,323 p.p |
7,037 p.p |
|
BRISA-PRIV |
7,026% |
6,397% |
6,754% |
0,629 p.p |
0,272 p.p |
|
J.MARTINS |
4,854% |
4,947% |
4,402% |
-0,093 p.p |
0,452 p.p |
|
CIMPORSGPS |
4,018% |
4,039% |
3,835% |
-0,021 p.p |
0,183 p.p |
|
PTMULT.NOM (ZON) |
3,590% |
3,523% |
4,433% |
0,067 p.p |
-0,843 p.p |
|
BANCO BPI |
2,681% |
2,650% |
3,356% |
0,031 p.p |
-0,675 p.p |
|
SONAE SGPS |
2,641% |
2,493% |
2,087% |
0,148 p.p |
0,554 p.p |
|
REN |
1,715% |
1,882% |
1,457% |
-0,167 p.p |
0,258 p.p |
|
PORTUCEL.N |
1,477% |
1,548% |
1,355% |
-0,071 p.p |
0,122 p.p |
|
SEMAPA.NOM |
1,193% |
0,475% |
0,509% |
0,718 p.p |
0,684 p.p |
|
MOTAENGIL |
0,959% |
1,070% |
1,335% |
-0,111 p.p |
-0,376 p.p |
|
TEIXEIRA DUARTE |
0,616% |
0,649% |
0,587% |
-0,033 p.p |
0,029 p.p |
|
SONAE.IND. |
0,604% |
0,635% |
0,655% |
-0,031 p.p |
-0,051 p.p |
|
SONAECOM |
0,604% |
0,595% |
0,674% |
0,009 p.p |
-0,07 p.p |
|
ALTRI |
0,547% |
0,530% |
0,510% |
0,017 p.p |
0,037 p.p |
|
S.COSTA |
- |
- |
5,380% |
0 p.p |
-5,38 p.p |
|
TOTAL |
100,0% |
100,0% |
100,0% |
- |
- |
Legend: The Index weightings are based on the Euronext Data Announcements. Amounts were determined using the closing prices of the last business day of the month being analysed.
Spot Market:
Table 4 – Turnover in the Spot Secondary Market (Monthly Values)
Unit: 10^6 Euro
|
|
Jul 2009 |
Jun 2009 |
Jul 2008 |
Monthly D |
Yearly D |
|
Regulated Markets |
7.842,0 |
6.504,1 |
8.848,7 |
20,6% |
-11,4% |
|
Stock Exchange Markets |
1.855,0 |
2.389,6 |
5.522,2 |
-22,4% |
-66,4% |
|
Ordinary Sessions |
1.855,0 |
2.378,4 |
5.503,2 |
-22,0% |
-66,3% |
|
Bonds |
8,2 |
28,9 |
13,0 |
-71,5% |
-36,7% |
|
Shares |
1.846,7 |
2.349,3 |
5.490,2 |
-21,4% |
-66,4% |
|
Equity Certificates |
0,012 |
0,012 |
0,010 |
-5,2% |
21,8% |
|
Investment Units |
0,08 |
0,02 |
0,000 |
252,2% |
23893,2% |
|
Rights |
- |
0,1 |
- |
- |
- |
|
Warrants |
- |
- |
- |
- |
- |
|
Certificates |
- |
- |
- |
- |
- |
|
Convertibles |
- |
- |
- |
- |
- |
|
ETF's |
- |
- |
- |
- |
- |
|
Extraordinary Sessions |
- |
11,2 |
19,0 |
- |
- |
|
Special Public Debt Market |
5.987,0 |
4.114,5 |
3.326,5 |
45,5% |
80,0% |
|
Treasury Bonds |
4.719,5 |
3.127,5 |
2.161,5 |
50,9% |
118,3% |
|
Treasury Bills |
1.267,5 |
987,0 |
1.165,0 |
28,4% |
8,8% |
|
Non-Regulated Markets |
68,9 |
72,5 |
223,9 |
-5,0% |
-69,2% |
|
Unlisted Market (Euronext Lisbon) |
0,22 |
0,11 |
0,1 |
101,1% |
205,5% |
|
Shares |
0,22 |
0,11 |
0,1 |
101,1% |
205,5% |
|
Other Securities |
- |
- |
- |
- |
- |
|
EasyNextLisbon (Euronext Lisbon) (1) |
28,6 |
37,8 |
184,0 |
-24,2% |
-84,4% |
|
Bonds |
5,1 |
8,3 |
3,5 |
-38,7% |
45,1% |
|
Warrants |
23,6 |
29,5 |
180,4 |
-20,2% |
-86,9% |
|
Certificates |
- |
- |
0,08 |
- |
- |
|
PEX (2) |
40,1 |
34,6 |
39,8 |
15,7% |
0,7% |
|
TOTAL |
7.911,0 |
6.576,6 |
9.072,6 |
20,3% |
-12,8% |
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 – Turnover in the Spot Secondary Market (Accumulated Values)
Unit: 10^6 Euro
|
|
Jan-Jul 2009 |
Jan-Jul 2008 |
Yearly D |
|
Regulated Markets |
42.403,2 |
96.716,4 |
-56,2% |
|
Stock Exchange Markets |
16.494,7 |
39.268,9 |
-58,0% |
|
Ordinary Sessions |
16.483,4 |
38.890,7 |
-57,6% |
|
Bonds |
217,6 |
384,5 |
-43,4% |
|
Shares |
16.140,9 |
38.131,4 |
-57,7% |
|
Equity Certificates |
0,1 |
1,5 |
-91,3% |
|
Investment Units |
0,5 |
0,2 |
189,8% |
|
Rights |
124,3 |
368,4 |
-66,3% |
|
Warrants |
- |
- |
- |
|
Certificates |
0,07 |
4,6 |
-98,5% |
|
Convertibles |
- |
0,0 |
- |
|
ETF's |
0,005 |
- |
- |
|
Extraordinary Sessions |
11,2 |
378,2 |
-97,0% |
|
Special Public Debt Market |
25.908,5 |
57.447,5 |
-54,9% |
|
Treasury Bonds |
20.843,5 |
47.591,0 |
-56,2% |
|
Treasury Bills |
5.065,0 |
9.856,5 |
-48,6% |
|
Non-Regulated Markets |
684,0 |
1.444,1 |
-52,6% |
|
Unlisted Market (Euronext Lisbon) |
0,4 |
0,4 |
24,4% |
|
Shares |
0,4 |
0,4 |
24,4% |
|
Other Securities |
- |
- |
- |
|
EasyNextLisbon (Euronext Lisbon) (1) |
439,0 |
1.085,8 |
-59,6% |
|
Bonds |
46,3 |
30,4 |
52,2% |
|
Warrants |
392,7 |
1.054,4 |
-62,8% |
|
Certificates |
- |
1,0 |
- |
|
PEX (2) |
244,6 |
358,0 |
-31,7% |
|
TOTAL |
43.087,2 |
98.160,5 |
-56,1% |
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 6 - Extraordinary Sessions
There were no extraordinary sessions this month.
Table 7 - Market Capitalization (Euronext Lisbon)
Unit: 10^6 Euro
|
Market Segment |
Jul 2009 |
Jun 2009 |
Jul 2008 |
Dec 2008 |
Monthly D |
Yearly D |
In the year D |
|
Regulated Markets |
184.892,0 |
176.462,2 |
210.699,2 |
153.515,7 |
4,8% |
-12,2% |
20,4% |
|
Bonds |
31.608,8 |
37.432,3 |
48.993,0 |
39.750,6 |
-15,6% |
-35,5% |
-20,5% |
|
Shares |
153.074,0 |
138.820,8 |
161.571,0 |
113.523,9 |
10,3% |
-5,3% |
34,8% |
|
Equity Certificates |
28,1 |
28,1 |
28,1 |
28,1 |
0,0% |
0,0% |
0,0% |
|
Investment Units |
181,1 |
181,1 |
29,5 |
193,1 |
0,0% |
513,5% |
-6,2% |
|
Rights |
0,0 |
0,0 |
0,0 |
0,0 |
- |
- |
- |
|
Warrants |
0,0 |
0,0 |
0,0 |
0,0 |
- |
- |
- |
|
Certificates |
0,0 |
0,0 |
70,0 |
17,7 |
- |
-100,0% |
-100,0% |
|
Convertibles |
0,0 |
0,0 |
7,5 |
0,2 |
- |
-100,0% |
-100,0% |
|
Trackers |
0,0 |
0,0 |
0,0 |
2,1 |
- |
- |
-100,0% |
|
Non-Regulated Markets |
2.114,3 |
1.996,5 |
1.192,6 |
1.697,7 |
5,9% |
77,3% |
24,5% |
|
Bonds |
1.767,6 |
1.707,5 |
676,1 |
1.314,8 |
3,5% |
161,4% |
34,4% |
|
Shares |
97,1 |
108,3 |
113,4 |
49,5 |
-10,3% |
-14,4% |
96,3% |
|
Warrants |
249,6 |
180,7 |
312,7 |
284,2 |
38,1% |
-20,2% |
-12,2% |
|
Certificates |
0,0 |
0,0 |
90,3 |
49,3 |
- |
-100,0% |
-100,0% |
|
Other Securities |
0,0 |
0,0 |
0,0 |
0,0 |
- |
- |
- |
|
TOTAL |
187.006,3 |
178.458,7 |
211.891,7 |
155.213,4 |
4,8% |
-11,7% |
20,5% |
Forward Market
Table 8 – Turnover in the Forward Market (Monthly)
Unit: 10^6 Euro
|
|
Jul 2009 |
Jun 2009 |
Jul 2008 |
Monthly D |
Yearly D |
|
Futures PSI-20 |
21,1 |
96,1 |
31,9 |
-78,0% |
-33,9% |
|
Futures on Shares |
0,6 |
6,2 |
10,4 |
-90,0% |
-94,1% |
|
Total Futures (1) |
21,7 |
102,3 |
42,3 |
-78,8% |
-48,7% |
|
Options PSI-20 |
- |
- |
- |
- |
- |
|
Options on Shares |
- |
- |
- |
- |
- |
|
Total Options |
- |
- |
- |
- |
- | Legend: (1) Amounts determined based on the business price.
Table 9 – Turnover in the Forward Market (Accumulated)
Unit: 10^6 Euro
|
|
Jan-Jul 2009 |
Jan-Jul 2008 |
Yearly D |
|
Futures PSI-20 |
216,0 |
544,0 |
-60,3% |
|
Futures on Shares |
17,7 |
158,3 |
-88,8% |
|
Total Futures (1) |
233,7 |
702,3 |
-66,7% |
|
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 10 – Asset Management (Data refers to the previous month)
|
|
30-06-2009 |
31-05-2009 |
30-06-2008 |
31-12-2008 |
Monthly D |
Yearly D |
In the year D |
|
CIS |
|
|
|
|
|
|
|
|
No. of Funds |
289 |
289 |
291 |
292 |
0 |
-2 |
-3 |
|
Net Asset Value (10^6 Euro) |
14.205,2 |
13.982,0 |
20.674,8 |
14.341,8 |
1,6% |
-31,3% |
-0,95% |
|
REIF and SREIF |
|
|
|
|
|
|
|
|
No. of Funds |
238 |
236 |
220 |
231 |
2 |
18 |
7 |
|
Net Asset Value (10^6 Euro) |
10.936,5 |
10.884,9 |
10.613,0 |
10.621,5 |
0,5% |
3,0% |
3,0% |
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.Unless otherwise indicated, the data contained in this table are a result of the information reported to the CMVM by the Management Companies in accordance with the legislation in force. As from December 2008, the funds established pursuant to Ministerial Order No. 264/95 of 11th August, are not included. 'Fundo de Investimento Imobiliário Urbifundo' and the respective managing entity, Companhia Gestora do Fundo de Investimento Imobiliário Urbifundo SA, were also not included due to the respective compulsory liquidation (Resolution by the Executive Board of the CMVM on 22 January 2009).
|
|
|