Portuguese Capital Markets Benchmarks
In May 2009, market capitalisation of Euronext Lisbon gained 3.7% attaining €167,974.1 million, (€161,952.2 million in April). The shares sector of the regulated and unregulated markets was responsible for this trend with + 4.8% and +13.4%, respectively, apropos the previous month.
The PSI-20 Share Index reached 7,223.90 points and gained 6.9% in comparison to April. The PSI-20 volatility was 23.64% which surpassed the 21.05% registered during the previous month.
EDP (13.443% weighting), Portugal Telecom (13.354%) and Galp (12.589%) kept as the three companies with the highest weighting on the PSI20 Share Index.
Turnover recorded in the Spot Secondary market rose 41.5% in comparison to April, encouraged by spurts of over 100% in the Regulated Bond Markets and 79% for Treasury Bonds.
In the Undertakings for Collective Investment in Transferable Securities and Special Investment Funds Industry[1], the net asset value under management rose 1.9% to €13,557.8 million in comparison with the preceding month. The Real Estate Investment Funds and the Special Real Estate Investment Funds Industry[1] grew 0.4%.
PSI-20 Index
Table 1 - Values and Variation
|
|
May 2009 |
Apr 2009 |
May 2008 |
Dec 2008 |
Monthly D |
Yearly D |
Year D |
|
PSI-20 (closing price) |
7.223,90 |
6.755,70 |
10.597,88 |
6.341,34 |
6,9% |
-31,8% |
13,9% |
Table 2 – Volatility
|
|
Monthly Values |
Accumulated Values |
|
PSI-20 |
May 2009 |
Apr 2009 |
May 2008 |
Jan-May 2009 |
Jan-May 2008 |
|
Volatility (1) |
23,64% |
21,05% |
12,01% |
21,85% |
21,30% |
|
Maximum(Date) |
7.355,48 (08-Mai) |
6.783,02 (17-Abr) |
11.294,07 (07-Mai) |
7.355,48 (08-Mai) |
12.892,73 (02-Jan) |
|
Minimum(Date) |
6.921,13 (13-Mai) |
6.216,71 (01-Abr) |
10.590,97 (29-Mai) |
5.743,09 (03-Mar) |
9.814,88 (17-Mar) |
|
Price Range % (2) |
6,28% |
9,11% |
6,64% |
28,08% |
31,36% |
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 |
May 2009 |
Apr 2009 |
May 2008 |
Monthly D |
Yearly D |
|
E.D.P.NOM. |
13,443% |
14,010% |
16,809% |
-0,567 p.p |
-3,366 p.p |
|
TELECOM-N. |
13,354% |
13,075% |
15,005% |
0,279 p.p |
-1,651 p.p |
|
GALP-NOM |
12,589% |
12,226% |
11,008% |
0,363 p.p |
1,581 p.p |
|
BCP....NPR |
11,305% |
11,353% |
13,504% |
-0,048 p.p |
-2,199 p.p |
|
BES.NPR |
10,618% |
10,559% |
9,491% |
0,059 p.p |
1,127 p.p |
|
EDP RENOVA |
7,423% |
6,579% |
- |
0,844 p.p |
7,423 p.p |
|
BRISA-PRIV |
6,398% |
6,802% |
8,101% |
-0,404 p.p |
-1,703 p.p |
|
J.MARTINS |
4,728% |
4,587% |
3,348% |
0,141 p.p |
1,381 p.p |
|
CIMPORSGPS |
3,696% |
3,710% |
4,499% |
-0,014 p.p |
-0,803 p.p |
|
PTMULT.NOM (ZON) |
3,678% |
4,057% |
4,246% |
-0,379 p.p |
-0,568 p.p |
|
BANCO BPI |
2,841% |
2,759% |
3,137% |
0,082 p.p |
-0,296 p.p |
|
SONAE SGPS |
2,596% |
2,495% |
2,752% |
0,101 p.p |
-0,156 p.p |
|
REN |
1,780% |
2,037% |
1,382% |
-0,257 p.p |
0,398 p.p |
|
PORTUCEL.N |
1,467% |
1,515% |
1,420% |
-0,048 p.p |
0,047 p.p |
|
MOTAENGIL |
1,057% |
1,147% |
1,647% |
-0,09 p.p |
-0,59 p.p |
|
SONAE.IND. |
0,671% |
0,751% |
0,774% |
-0,08 p.p |
-0,103 p.p |
|
TEIXEIRA DUARTE |
0,657% |
0,551% |
0,790% |
0,106 p.p |
-0,133 p.p |
|
SONAECOM |
0,630% |
0,672% |
0,673% |
-0,042 p.p |
-0,043 p.p |
|
ALTRI |
0,564% |
0,566% |
0,725% |
-0,002 p.p |
-0,161 p.p |
|
SEMAPA.NOM |
0,506% |
0,548% |
0,512% |
-0,042 p.p |
-0,006 p.p |
|
S.COSTA |
- |
- |
0,179% |
0 p.p |
-0,179 p.p |
|
TOTAL |
100% |
100% |
100% |
- |
- |
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
|
|
May 2009 |
Apr 2009 |
May 2008 |
Monthly D |
Yearly D |
|
Regulated Markets |
7.770,8 |
5.443,8 |
8.855,5 |
42,7% |
-12,2% |
|
Stock Exchange Markets |
3.142,3 |
2.649,8 |
4.258,0 |
18,6% |
-26,2% |
|
Ordinary Sessions |
3.142,3 |
2.649,8 |
4.258,0 |
18,6% |
-26,2% |
|
Bonds |
45,3 |
21,4 |
8,3 |
111,7% |
446,1% |
|
Shares |
3.096,1 |
2.600,1 |
4.243,0 |
19,1% |
-27,0% |
|
Equity Certificates |
0,002 |
0,022 |
0,032 |
-88,9% |
-92,2% |
|
Investment Units |
0,13 |
0,08 |
0,001 |
68,7% |
21872,9% |
|
Rights |
0,7 |
28,2 |
6,4 |
-97,5% |
-89,0% |
|
Warrants |
- |
- |
- |
- |
- |
|
Certificates |
- |
- |
0,282 |
- |
- |
|
Convertibles |
- |
- |
- |
- |
- |
|
ETF's |
- |
- |
- |
- |
- |
|
Extraordinary Sessions |
- |
- |
- |
- |
- |
|
Special Public Debt Market |
4.628,5 |
2.794,0 |
4.597,5 |
65,7% |
0,7% |
|
Treasury Bond |
3.991,0 |
2.228,5 |
2.787,5 |
79,1% |
43,2% |
|
Treasury Bills |
637,5 |
565,5 |
1.810,0 |
12,7% |
-64,8% |
|
Non-Regulated Markets |
83,6 |
106,2 |
161,0 |
-21,3% |
-48,1% |
|
Unlisted Market (Euronext Lisbon) |
0,02 |
0,01 |
0,1 |
158,3% |
-69,2% |
|
Shares |
0,02 |
0,01 |
0,1 |
158,3% |
-69,2% |
|
Other Securities |
- |
- |
- |
- |
- |
|
EasyNextLisbon (Euronext Lisbon) (1) |
50,0 |
74,4 |
123,6 |
-32,8% |
-59,5% |
|
Bonds |
7,4 |
7,3 |
6,1 |
1,2% |
20,9% |
|
Warrants |
42,6 |
67,1 |
117,4 |
-36,5% |
-63,7% |
|
Certificates |
- |
- |
0,03 |
- |
- |
|
PEX (2) |
33,6 |
31,7 |
37,4 |
5,8% |
-10,1% |
|
TOTAL |
7.854,4 |
5.550,0 |
9.016,5 |
41,5% |
-12,9% |
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 transactions.
Table 5 – Turnover in the Spot Secondary Market (Accumulated Values)
Unit: 10^6 Euro
|
|
Jan-May 2009 |
Jan-May 2008 |
Yearly D |
|
Regulated Markets |
28.057,0 |
78.365,9 |
-64,2% |
|
Stock Exchange Markets |
12.250,0 |
28.152,4 |
-56,5% |
|
Ordinary Sessions |
12.250,0 |
28.152,4 |
-56,5% |
|
Bonds |
180,4 |
356,2 |
-49,3% |
|
Shares |
11.944,8 |
27.434,1 |
-56,5% |
|
Equity Certificates |
0,1 |
1,5 |
-92,8% |
|
Investment Units |
0,4 |
0,2 |
134,0% |
|
Rights |
124,2 |
356,1 |
-65,1% |
|
Warrants |
- |
- |
- |
|
Certificates |
0,07 |
4,3 |
-98,4% |
|
Convertibles |
- |
0,0 |
- |
|
ETF's |
0,005 |
- |
- |
|
Extraordinary Sessions |
- |
- |
- |
|
Special Public Debt Market |
15.807,0 |
50.213,5 |
-68,5% |
|
Treasury Bond |
12.996,5 |
43.438,5 |
-70,1% |
|
Treasury Bills |
2.810,5 |
6.775,0 |
-58,5% |
|
Non-Regulated Markets |
542,6 |
1.028,1 |
-47,2% |
|
Unlisted Market (Euronext Lisbon) |
0,1 |
0,3 |
-56,1% |
|
Shares |
0,1 |
0,3 |
-56,1% |
|
Other Securities |
- |
- |
- |
|
EasyNextLisbon (Euronext Lisbon) (1) |
372,5 |
776,4 |
-52,0% |
|
Bonds |
32,9 |
23,1 |
42,5% |
|
Warrants |
339,6 |
752,5 |
-54,9% |
|
Certificates |
- |
0,8 |
- |
|
PEX (2) |
169,9 |
251,5 |
-32,4% |
|
TOTAL |
28.599,6 |
79.394,1 |
-64,0% |
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 |
May 2009 |
Apr 2009 |
May 2008 |
Dec 2008 |
Monthly D |
Yearly D |
Year D |
|
Regulated Markets |
166.142,4 |
160.125,0 |
226.671,7 |
153.515,7 |
3,8% |
-26,7% |
8,2% |
|
Bonds |
33.863,5 |
33.955,5 |
44.919,7 |
39.750,6 |
-0,3% |
-24,6% |
-14,8% |
|
Shares |
132.023,8 |
125.940,5 |
181.524,6 |
113.523,9 |
4,8% |
-27,3% |
16,3% |
|
Equity Certificates |
28,1 |
28,1 |
28,1 |
28,1 |
0,0% |
0,0% |
0,0% |
|
Investment Units |
181,1 |
181,1 |
34,7 |
193,1 |
0,0% |
421,6% |
-6,2% |
|
Rights |
28,2 |
0,0 |
87,4 |
0,0 |
- |
-67,8% |
- |
|
Warrants |
0,0 |
0,0 |
0,0 |
0,0 |
- |
- |
- |
|
Certificates |
17,8 |
17,8 |
69,6 |
17,7 |
0,0% |
-74,5% |
0,3% |
|
Convertibles |
0,0 |
0,0 |
7,5 |
0,2 |
- |
-100,0% |
-100,0% |
|
Trackers |
0,0 |
2,0 |
0,0 |
2,1 |
-100,0% |
- |
-100,0% |
|
Non-Regulated Markets |
1.831,7 |
1.827,2 |
1.373,7 |
1.697,7 |
0,2% |
33,3% |
7,9% |
|
Bonds |
1.460,2 |
1.457,4 |
688,1 |
1.314,8 |
0,2% |
112,2% |
11,1% |
|
Shares |
94,7 |
83,5 |
111,7 |
49,5 |
13,4% |
-15,2% |
91,4% |
|
Warrants |
276,8 |
283,5 |
469,7 |
284,2 |
-2,3% |
-41,1% |
-2,6% |
|
Certificates |
0,0 |
2,9 |
104,2 |
49,3 |
-100,0% |
-100,0% |
-100,0% |
|
Other Securities |
0,0 |
0,0 |
0,0 |
0,0 |
- |
- |
- |
|
TOTAL |
167.974,1 |
161.952,2 |
228.045,3 |
155.213,4 |
3,7% |
-26,3% |
8,2% |
Forward Market
Table 8 – Turnover in the Forward Market (Monthly)
Unit: 10^6 Euro
|
|
May 2009 |
Apr 2009 |
May 2008 |
Monthly D |
Yearly D |
|
Futures PSI-20 |
n.a. |
10,7 |
37,2 |
- |
- |
|
Futures on Shares |
n.a. |
1,2 |
21,9 |
- |
- |
|
Total Futures (1) |
n.a. |
11,9 |
59,2 |
- |
- |
|
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-May 2009 |
Jan-May 2008 |
Yearly D |
|
Futures PSI-20 |
n.a. |
403,1 |
|
|
Futures on Shares |
n.a. |
138,3 |
- |
|
Total Futures (1) |
n.a. |
541,4 |
- |
|
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)
|
|
30-04-2009 |
31-03-2009 |
30-04-2008 |
31-12-2008 |
Monthly D |
Yearly D |
Year D |
|
CIS |
|
|
|
|
|
|
|
|
No. of Funds |
286 |
289 |
293 |
292 |
-3 |
-7 |
-6 |
|
Net Asset Value (10^6 Euro) |
13.557,8 |
13.302,6 |
21.750,5 |
14.341,8 |
1,9% |
-37,7% |
-5,47% |
|
Real Estate Investment Funds and SREIF |
|
|
|
|
|
|
|
|
No. of Funds |
235 |
234 |
217 |
231 |
1 |
18 |
4 |
|
Net Asset Value (10^6 Euro) |
10.775,7 |
10.731,1 |
10.853,5 |
10.621,8 |
0,4% |
-0,7% |
1,4% |
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.
|
|
|