Portuguese Capital Markets Benchmarks
The market capitalisation of Euronext Lisbon attained €186,578.4 million in April 2010. This represented a 1.4% decline in comparison to the preceding month. The share sector, which corresponded to 78% of the value, recorded a 4.8% drop in the market capitalisation.
The value of transactions in the Spot Market tumbled 2.4% down to EUR 11,167.5 million. The transactions in the futures markets fell 14.4% down to EUR 114.0 million.
The PSI-20 Index closed at 7,411.94 points in April, 8.5% down from the preceding month and 9.7% up from April 2009. Portugal Telecom (15.417%), EDP (14.804%) and Galp Energia (12.867%) were issuers with the greatest weighting in the Index.
The volatility of the PSI 20 was 34.62%. This represented an increase in comparison to March (15.28%) and on a year-over-year basis (21.05%).
In the Undertakings for Collective Investment in Transferable Securities and Special Investment Funds Industry, the net asset value under management rose 4% up to €17,508.7 million in comparison with the preceding month. The net asset value under management in Real Estate Investment Funds and the Special Real Estate Investment Funds Industry recorded a growth of 0.6% up to EUR 12,000.1 million in the same period.
PSI-20 Index
Table 1 - Values and Variation
|
|
Apr 2010 |
Mar 2010 |
Apr 2009 |
Dec 2009 |
D Monthly |
D Yearly |
D In the year |
|
PSI-20 (Closing price) |
7,411.94 |
8,102.15 |
6,755.70 |
8,463.85 |
-8.5% |
9.7% |
-12.4% |
Table 2 – Volatility
|
|
Monthly Value |
Accumulated Value |
|
PSI-20 |
Apr 2010 |
Mar 2010 |
Apr 2009 |
Jan-Apr 2010 |
Jan-Apr 2009 |
|
Volatility (1) |
34.62% |
15.28% |
21.05% |
24.18% |
21.48% |
|
Maximum(Date) |
8,344.29 (14-Apr) |
8,167.62 (17-Mar) |
6,783.02 (17-Apr) |
8,839.75 (08-Jan) |
6,783.02 (17-Apr) |
|
Minimum(Date) |
7,016.90 (28-Apr) |
7,674.33 (01-Mar) |
6,216.71 (01-Apr) |
7,016.90 (28-Apr) |
5,743.09 (03-Mar) |
|
Price Range % (2) |
18.92% |
6.43% |
9.11% |
25.98% |
18.11% |
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 |
Apr 2010 |
Mar 2010 |
Apr 2009 |
D Monthly |
D Yearly |
|
TELECOM-N. |
15.417% |
15.201% |
13.075% |
0.216 p.p |
2.342 p.p |
|
E.D.P.NOM. |
14.804% |
14.815% |
14.010% |
-0.011 p.p |
0.794 p.p |
|
GALP-NOM |
12.867% |
12.577% |
12.226% |
0.29 p.p |
0.641 p.p |
|
BCP....NPR |
11.352% |
12.166% |
11.353% |
-0.815 p.p |
-0.002 p.p |
|
BES.NPR |
8.126% |
8.256% |
10.559% |
-0.13 p.p |
-2.433 p.p |
|
J.MARTINS |
7.356% |
6.494% |
4.587% |
0.862 p.p |
2.769 p.p |
|
BRISA |
5.482% |
5.925% |
6.802% |
-0.443 p.p |
-1.319 p.p |
|
EDP RENOVA |
5.007% |
4.960% |
6.579% |
0.047 p.p |
-1.572 p.p |
|
CIMPORSGPS |
3.914% |
3.695% |
3.710% |
0.219 p.p |
0.205 p.p |
|
ZON MULTIM |
2.860% |
2.998% |
4.057% |
-0.138 p.p |
-1.197 p.p |
|
SONAE SGPS |
2.841% |
2.768% |
2.495% |
0.074 p.p |
0.346 p.p |
|
BANCO BPI |
2.282% |
2.437% |
2.759% |
-0.155 p.p |
-0.477 p.p |
|
PORTUCEL.N |
1.662% |
1.592% |
1.515% |
0.071 p.p |
0.147 p.p |
|
REN |
1.550% |
1.606% |
2.037% |
-0.056 p.p |
-0.487 p.p |
|
SEMAPA.NOM |
1.353% |
1.278% |
0.549% |
0.075 p.p |
0.805 p.p |
|
ALTRI |
0.992% |
1.004% |
0.566% |
-0.012 p.p |
0.427 p.p |
|
MOTAENGIL |
0.715% |
0.783% |
1.147% |
-0.068 p.p |
-0.432 p.p |
|
SONAE.IND. |
0.622% |
0.578% |
0.751% |
0.045 p.p |
-0.129 p.p |
|
SONAECOM |
0.620% |
0.690% |
0.672% |
-0.07 p.p |
-0.052 p.p |
|
INAPA-INV. |
0.177% |
0.178% |
- |
-0.001 p.p |
0.177 p.p |
|
T.DUARTE |
- |
- |
0.6% |
0 p.p |
-0.551 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
|
|
Apr 2010 (4) |
Mar 2010 |
Apr 2009 |
D Monthly |
D Yearly |
|
Regulated Markets |
11,100.7 |
11,382.5 |
5,443.8 |
-2.5% |
103.9% |
|
Stock Exchange Markets |
3,846.7 |
3,139.5 |
2,649.8 |
22.5% |
45.2% |
|
Ordinary Sessions |
3,806.7 |
3,139.5 |
2,649.8 |
21.3% |
43.7% |
|
Bonds |
8.6 |
22.5 |
21.4 |
-61.5% |
-59.7% |
|
Shares |
3,797.9 |
3,117.0 |
2,600.1 |
21.8% |
46.1% |
|
Equity Certificates |
0.06 |
0.01 |
0.02 |
723.1% |
174.3% |
|
Investment Units |
0.15 |
0.04 |
0.08 |
309.5% |
97.4% |
|
Rights |
- |
- |
28.22 |
- |
- |
|
Warrants |
- |
- |
- |
- |
- |
|
Certificates |
- |
- |
- |
- |
- |
|
Convertibles |
- |
- |
- |
- |
- |
|
ETF's |
- |
- |
- |
- |
- |
|
Extraordinary Sessions |
40.0 |
- |
- |
- |
- |
|
Special Public Debt Market |
7,254.0 |
8,243.0 |
2,794.0 |
-12.0% |
159.6% |
|
Treasury Bonds |
4,412.0 |
4,082.0 |
2,228.5 |
8.1% |
98.0% |
|
Treasury Bills |
2,842.0 |
4,161.0 |
565.5 |
-31.7% |
402.6% |
|
Non-Regulated Markets |
66.8 |
62.7 |
106.2 |
6.5% |
-37.1% |
|
EasyNextLisbon (Euronext Lisbon) (1) (2) |
24.8 |
23.4 |
74.4 |
6.0% |
-66.7% |
|
Shares |
0.02 |
0.00 |
0.01 |
592.5% |
124.6% |
|
Bonds |
3.3 |
6.2 |
7.3 |
-47.7% |
-55.8% |
|
Warrants |
21.5 |
17.2 |
67.1 |
25.3% |
-67.9% |
|
Certificates |
- |
- |
- |
- |
- |
|
Pex (3) |
42.0 |
39.3 |
31.7 |
6.8% |
32.2% |
|
Shares |
- |
- |
- |
- |
- |
|
Bonds |
2.3 |
2.5 |
4.5 |
-7.8% |
-48.8% |
|
Warrants |
6.1 |
5.3 |
5.8 |
14.6% |
4.8% |
|
Certificates |
30.8 |
28,4 |
16.4 |
8.4% |
88.0% |
|
Funds |
2.8 |
3.1 |
5.1 |
-9.6% |
-44.8% |
|
TOTAL |
11,167.5 |
11,445.3 |
5,550.0 |
-2.4% |
101.2% |
Legend: (1) EasyNext Lisbon was established on 01/10/2004 and became a Multilateral Trading System on 01/10/2009.
(2) The Unlisted Market was established as a segment of EasyNext Lisbon on 01/10/2009.
(3) The PEX was created on 19/09/2003.
(4) Due to a problem in the disclosure of information for the month of February resulting from trading on Euronext Lisbon, this should be considered as provisional.
Note: This table does not consider Off-Market.
Table 5 – Turnover in the Spot Secondary Market (Accumulated Values)
Unit: 10^6 Euro
|
|
Jan-Apr 2010 |
Jan-Apr 2009 |
D Yearly |
|
Regulated Markets |
44,554.9 |
20,286.2 |
119.6% |
|
Stock Exchange Markets |
13,858.4 |
9,107.7 |
52.2% |
|
Ordinary Sessions |
13,818.4 |
9,107.7 |
51.7% |
|
Bonds |
86.7 |
135.1 |
-35.8% |
|
Shares |
13,731.2 |
8,848.7 |
55.2% |
|
Equity Certificates |
0.1 |
0.1 |
3.6% |
|
Investment Units |
0.4 |
0.3 |
39.3% |
|
Rights |
- |
123.5 |
- |
|
Warrants |
- |
- |
- |
|
Certificates |
- |
0.1 |
- |
|
Convertibles |
- |
- |
- |
|
ETF's |
- |
0.0 |
- |
|
Extraordinary Sessions |
40.0 |
- |
- |
|
Special Public Debt Market |
30,696.5 |
11,178.5 |
174.6% |
|
Treasury Bonds |
17,843.5 |
9,005.5 |
98.1% |
|
Treasury Bills |
12,853.0 |
2.173.0 |
491.5% |
|
Non-Regulated Markets |
258.4 |
459.0 |
-43.7% |
|
EasyNextLisbon (Euronext Lisbon) (1)(2) |
108.7 |
322.6 |
-66.3% |
|
Shares |
0.7 |
0.1 |
657.8% |
|
Bonds |
30.1 |
25.5 |
17.9% |
|
Warrants |
77.9 |
297.0 |
-73.8% |
|
Certificates |
- |
- |
- |
|
Pex (3) |
149.7 |
136.3 |
9.8% |
|
Shares |
- |
- |
- |
|
Bonds |
17.3 |
21.4 |
-19.5% |
|
Warrants |
26.4 |
23.1 |
14.3% |
|
Certificates |
93.7 |
56.9 |
64.9% |
|
Funds |
12.3 |
34.9 |
-64.7% |
|
TOTAL |
44,813.3 |
20,745.2 |
116.0% |
Legend: (1) EasyNext Lisbon was established on 01/10/2004 and became a Multilateral Trading System on 01/10/2009.
(2) The Unlisted Market was established as a segment of EasyNext Lisbon on 01/10/2009.
(3) The PEX was created on 19/09/2003.
Note: This table does not consider Off-Market.
Table 6 - Extraordinary Sessions
Unit: 10^6 Euro
|
Date |
Target Company |
Offeror |
Type |
Securities |
Value |
|
21-04-2010 |
SPORT LISBOA E BENFICA - FUTEBOL, SAD |
|
OPS |
Bonds |
40.00 |
Table 7 - Market Capitalization (Euronext Lisbon)
Unit: 10^6 Euro
|
Market Segment |
Apr 2010 |
Mar 2010 |
Apr 2009 |
Dec 2009 |
D Monthly |
D Yearly |
D In the year |
|
Regulated Markets |
184,687.0 |
187,464.6 |
160,125.0 |
202,207.4 |
-1.5% |
15.3% |
-8.7% |
|
Bonds |
37,174.0 |
32,480.7 |
33,955.5 |
29,738.3 |
14.4% |
9.5% |
25.0% |
|
Shares |
147,280.9 |
154,763,6 |
125,940.5 |
172,304.6 |
-4.8% |
16.9% |
-14.5% |
|
Equity Certificates |
28.1 |
28.1 |
28.1 |
28.1 |
0.0% |
0.0% |
0.0% |
|
Investment Units |
204.0 |
192.3 |
181.1 |
136.3 |
6.1% |
12.7% |
49.7% |
|
Rights |
0.0 |
0.0 |
0.0 |
0.0 |
- |
- |
- |
|
Warrants |
0.0 |
0.0 |
0.0 |
0.0 |
- |
- |
- |
|
Certificates |
0.0 |
0.0 |
17.8 |
0.0 |
- |
-100.0% |
- |
|
Convertibles |
0.0 |
0.0 |
0.0 |
0.0 |
- |
- |
- |
|
ETF’s |
0.0 |
0.0 |
2.0 |
0.0 |
- |
-100.0% |
- |
|
Non-Regulated Markets |
1,891.4 |
1,668.9 |
1,827.2 |
2,016.1 |
13.3% |
3.5% |
-6.2% |
|
Bonds |
1,515.7 |
1,197.8 |
1,457.4 |
1,694.2 |
26.5% |
4.0% |
-10.5% |
|
Shares |
103.9 |
108.8 |
83.5 |
126.5 |
-4.5% |
24.4% |
-17.9% |
|
Warrants |
271.9 |
362.3 |
283.5 |
195.4 |
-25.0% |
-4.1% |
39.1% |
|
Certificates |
0.0 |
0.0 |
2.9 |
0.0 |
- |
-100.0% |
- |
|
Others |
0.0 |
0.0 |
0.0 |
0.0 |
- |
- |
- |
|
TOTAL |
186,578.4 |
189,133.5 |
161,952.2 |
204,223.5 |
-1.4% |
15.2% |
-8.6% |
Forward Market
Table 8 – Turnover in the Forward Market (Monthly)
Unit: 10^6 Euro
|
|
Apr 2010 |
Mar 2010 |
Apr 2009 |
D Monthly |
D Yearly |
|
PSI-20 Futures |
114.0 |
128.6 |
10.7 |
-11.3% |
964.2% |
|
Share Futures |
0.1 |
4.6 |
1.2 |
-98.8% |
-95.2% |
|
Total Futures (1) |
114.0 |
133.2 |
11.9 |
-14.4% |
860.6% |
|
PSI-20 Options |
0.0 |
0.0 |
0.0 |
- |
- |
|
Share Options |
0.0 |
0.0 |
0.0 |
- |
- |
|
Total Options |
0.0 |
0.0 |
0.0 |
- |
- | Legend: (1) Amounts determined based on the business price.
Table 9 – Turnover in the Forward Market (Accumulated)
Unit: 10^6 Euro
|
|
Jan-Apr 2010 |
Jan-Apr 2009 |
D Yearly |
|
PSI-20 Futures |
368.1 |
66.8 |
451.4% |
|
Share Futures |
7.9 |
9.7 |
-19.0% |
|
Total Futures (1) |
376.0 |
76.5 |
391.6% |
|
PSI-20 Options |
0.0 |
0.0 |
- |
|
Share Options |
0.0 |
0.0 |
- |
|
Total Options |
0.0 |
0.0 |
- | 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)
|
|
31-03-2010 |
28-02-2010 |
31-03-2009 |
31-12-2009 |
D Monthly |
D Yearly |
D In the year |
|
CIS |
|
|
|
|
|
|
|
|
No. of Funds |
290 |
291 |
289 |
288 |
-1 |
1 |
2 |
|
Net Asset Value (10^6 Euro) |
17,508.7 |
16,837.5 |
13,302.6 |
17,230.9 |
4.0% |
31.6% |
1.61% |
|
REIF and SREIF |
|
|
|
|
|
|
|
|
No. of Funds |
253 |
252 |
234 |
251 |
1 |
19 |
2 |
|
Net Asset Value (10^6 Euro) |
12,000.1 |
11,925.1 |
10,726.7 |
11,776.5 |
0.6% |
11.9% |
1.9% |
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). The Fundo de Investimento Imobiliário Correia & Viegas and respective management entity, with the same name, were also not included due to the respective mandatory liquidation by Resolution of the CMVM’s Executive Board on 11 November 2009.
|
|
|