Portuguese Capital Markets Benchmarks
In January 2009, the PSI-20 Share Index attained 6,438.19 points, 1.5% more than in December 2008 (6,341.34 points). The PSI-20 Index recorded a plunge of 42.3% when compared to January 2008. The turnover in the Spot Secondary Market soared by 59.4% from €2,936.8 million in December 2008 to €4,681.6 million in January 2009. This was prompted by the 63.1% upsurge in the regulated markets. The market capitalisation of Euronext Lisbon reflected a monthly drop of 2.1% down to €151,953.3 million (€155,213.4 million in December 2008). The shares recorded the largest downslide (-2.6%) in the asset sector. The volatility of the PSI-20 recorded 21.66% which was higher than 20.47% that was recorded in December.
In the Undertakings for Collective Investment in Transferable Securities and Special Investment Funds Industry[1], the net asset value under management dropped 5.7% down to €14,343.9 million in comparison with the previous month. On the other hand, the Real Estate Investment Funds and the Special Real Estate Investment Funds Industry[1] recorded a growth of 2.8%. 2nd February 2009 Table 1 –PSI-20 Index (Values and Variation) | | Jan 2009 | Dec 2008 | Jan 2008 | Monthly D | Yearly D | | PSI-20 (Closing price) | 6,438.19 | 6,341.34 | 11,163.91 | 1.5% | -42.3% |
Table 2 –PSI-20 Index (Volatility) | | Monthly Values | | PSI-20 | Jan 2009 | Dec 2008 | Jan 2008 | | Volatility (1) | 21.66% | 20.47% | 30.01% | | Maximum(Date) | 6,696.88 (06-Jan) | 6,357.78 (30-Dec) | 12,892.73 (02-Jan) | | Minimum(Date) | 6,224.03 (21-Jan) | 6,021.55 (05-Dez) | 10,684.47 (23-Jan) | | Price Range % (2) | 7.60% | 5.58% | 20.67% | Legend: (1) Annually adjusted volatility=Standard deviation of daily returns ´ Ö250
(2) Price Range % = (Maximum-Minimum)/Minimum. Maximum and Minimum refer to closing prices. Table 3 –PSI-20 Portfolio (End-period)
| Shares | Jan 2009 | Dec 2008 | Jan 2008 | Monthly D | Yearly D | | E.D.P.NOM. | 19.851% | 19.829% | 20.051% | 0.022 p.p | -0.2 p.p | | GALP-NOM | 13.515% | 11.981% | 16.182% | 1.535 p.p | -2.667 p.p | | TELECOM-N. | 11.605% | 11.513% | 11.369% | 0.092 p.p | 0.236 p.p | | EDP RENOVA | 9.921% | 8.782% | - | 1.14 p.p | 9.921 p.p | | BCP....NPR | 7.339% | 7.699% | 9.692% | -0.359 p.p | -2.353 p.p | | BRISA | 6.062% | 6.460% | 7.661% | -0.398 p.p | -1.6 p.p | | BES.NPR | 5.081% | 6.731% | 7.575% | -1.65 p.p | -2.494 p.p | | J.MARTINS | 4.901% | 5.027% | 4.443% | -0.126 p.p | 0.458 p.p | | CIMPORSGPS | 4.780% | 4.706% | 4.546% | 0.075 p.p | 0.235 p.p | | REN | 3.131% | 3.046% | 1.090% | 0.084 p.p | 2.041 p.p | | BANCO BPI | 2.621% | 3.169% | 3.248% | -0.549 p.p | -0.627 p.p | | ZON MULTIM | 2.549% | 2.307% | - | 0.242 p.p | 2.549 p.p | | PORTUCEL.N | 2.215% | 2.392% | 1.907% | -0.177 p.p | 0.309 p.p | | SONAE SGPS | 1.888% | 1.759% | 3.244% | 0.129 p.p | -1.356 p.p | | SEMAPA.NOM | 1.471% | 1.524% | 1.194% | -0.053 p.p | 0.277 p.p | | MOTAENGIL | 0.975% | 0.968% | 1.098% | 0.008 p.p | -0.123 p.p | | SONAECOM | 0.802% | 0.741% | 1.084% | 0.061 p.p | -0.283 p.p | | T.DUARTE | 0.454% | 0.505% | - | -0.051 p.p | 0.454 p.p | | SONAE.IND. | 0.443% | 0.430% | 0.822% | 0.013 p.p | -0.379 p.p | | ALTRI | 0.397% | 0.432% | 0.567% | -0.035 p.p | -0.17 p.p | | PTMULT.NOM | - | - | 3.561% | 0 p.p | -3.561 p.p | | S.COSTA | - | - | 0.348% | 0 p.p | -0.348 p.p | | IMPRESA | - | - | 0.318% | 0 p.p | -0.318 p.p | | TOTAL | 100.0% | 100.0% | 100.0% | - | - |
Spot Market Table 4 – Turnover in the Spot Secondary Market (Monthly Values) Unit: 10^6 Euro | | Jan 2009 | Dec 2008 | Jan 2008 | Monthly D | Yearly D | | Regulated Markets | 4,541.8 | 2,785.0 | 31,733.8 | 63.1% | -85.7% | | Stock Exchange Markets | 1,758.8 | 1,962.5 | 8,410.3 | -10.4% | -79.1% | | Ordinary Sessions | 1,758.8 | 1,962.5 | 8,410.3 | -10.4% | -79.1% | | Bonds | 35.9 | 46.6 | 52.0 | -22.9% | -30.9% | | Shares | 1,722.8 | 1,915.8 | 8,303.5 | -10.1% | -79.3% | | Equity Certificates | 0.010 | 0.007 | 0.040 | 37.4% | -75.4% | | Investment Units | 0.07 | 0.08 | 0.172 | -12.2% | -58.5% | | Rights | - | 0.0 | 54.6 | - | - | | Warrants | - | - | - | - | - | | Certificates | - | - | 0.012 | - | - | | Convertibles | - | - | 0.013 | - | - | | ETF's | 0,0001 | 0,005 | - | -98.4% | - | | Extraordinary Sessions | - | - | - | - | - | | Special Public Debt Market | 2,783.0 | 822.5 | 23,323.5 | 238.4% | -88.1% | | Treasury Bonds | 2,553.0 | 572.5 | 21,122.0 | 345.9% | -87.9% | | Treasury Bills | 230.0 | 250.0 | 2,201.5 | -8.0% | -89.6% | | Non-Regulated Markets | 139.8 | 151.9 | 305.1 | -7.9% | -54.2% | | Unlisted Market (Euronext Lisbon) | 0.04 | 0.00 | 0.1 | 910.1% | -37.4% | | Shares | 0.04 | 0.00 | 0.1 | 910.1% | -37.4% | | Other securities | - | - | - | - | - | | EasyNextLisbon (Euronext Lisbon) (1) | 106.1 | 118.6 | 232.0 | -10.5% | -54.3% | | Bonds | 4.3 | 3.8 | 5.0 | 14.1% | -12.6% | | Warrants | 101.8 | 114.8 | 226.9 | -11.4% | -55.1% | | Certificates | - | - | 0.1 | - | - | | PEX (2) | 33.7 | 33.2 | 73.1 | 1.2% | -53.9% | | TOTAL | 4,681.6 | 2,936.8 | 32,038.9 | 59.4% | -85.4% | 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 – Market Capitalization (Euronext Lisbon) Unit: 10^6 Euro
| Market Segment | Jan 2009 | Dec 2008 | Jan 2008 | Monthly D | Yearly D | | Regulated Markets | 150,272.9 | 153,515.7 | 220,227.6 | -2.1% | -31.8% | | Bonds | 39,472.1 | 39,750.6 | 46,145.3 | -0.7% | -14.5% | | Shares | 110,558.3 | 113,523.9 | 173,863.2 | -2.6% | -36.4% | | Equity Certificates | 28.1 | 28.1 | 28.1 | 0.0% | 0.0% | | Investment Units | 194.5 | 193.1 | 61.3 | 0.8% | 217.5% | | Rights | 0.0 | 0.0 | 0.0 | - | - | | Warrants | 0.0 | 0.0 | 0.0 | - | - | | Certificates | 17.7 | 17.7 | 121.5 | 0.0% | -85.4% | | Convertibles | 0.0 | 0.2 | 8.2 | -100.0% | -100.0% | | Trackers | 2.2 | 2.1 | 0.0 | 1.0% | - | | Non-Regulated Markets | 1,680.4 | 1,697.7 | 1,645.7 | -1.0% | 2.1% | | Bonds | 1,316.6 | 1,314.8 | 588.1 | 0.1% | 123.9% | | Shares | 60.6 | 49.5 | 145.2 | 22.4% | -58.3% | | Warrants | 300.4 | 284.2 | 802.1 | 5.7% | -62.6% | | Certificates | 2.9 | 49.3 | 110.2 | -94.2% | -97.4% | | Other securities | 0.0 | 0.0 | 0.0 | - | - | | TOTAL | 151,953.3 | 155,213.4 | 221,873.3 | -2.1% | -31.5% | 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.
Forward Market
Table 6 – Transactions (Monthly) Unit: 10^6 Euro | | Jan 2009 | Dec 2008 | Jan 2008 | Monthly D | Yearly D | | Futures PSI-20 | n/a | 45.3 | 120.1 | - | - | | Futures on Shares | n/a | 1.8 | 25.5 | - | - | | Total Futures (1) | n/a | 47.1 | 145.6 | - | - | | Options PSI-20 | - | - | - | - | - | | Options on Shares | - | - | - | - | - | | Total Options | - | - | - | - | - | Legend: (1) Amounts determined based on the business price. n/a = not available Asset Management: CIS and REAL ESTATE investment funds Table 7 – Asset Management (Data refers to the previous month) | | 31-12-2008 | 30-11-2008 | 31-12-2007 | Monthly D | Yearly D | | CIS | | | | | | | No. of Funds | 292 | 293 | 291 | -1 | 1 | | Net Asset Value (10^6 Euro) | 14,343.9 | 15,212.0 | 25,763.0 | -5.7% | -44.3% | | REIF & SREIF | | | | | | | No. of Funds | 231 | 229 | 204 | 2 | 27 | | Net Asset Value (10^6 Euro) | 10,635.2 | 10,344.1 | 10,450.3 | 2.8% | 1.8% | 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.
The data contained herein is from Dathis, Euronext Lisbon, MTS-Portugal, OPEX and the CMVM (CIS and REIF). The information refers to 2009-02-02. 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.
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