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Most Liquid Shares


Last updated: 02 April 2009 

Unit: Euro

          

Shares

 ISIN
Code

Average Daily Turnover

Average Daily Number of Transactions

 Free Float
(EUR million)

 Average Value  of Transactions

Standard Market Size

EDP RENOVAVEIS

ES0127797019

11 047 097.00

 1 225.00

900-1000 

 9 018.00

 7 500.00

BCP BCO NOM.

PTBCP0AM0007

25 225 161.00

 1 757.00

2000-3000 

 14 356.00

 15 000.00

BCO ESPIRITO SANTO

PTBES0AM0007

11 834 714.00

 1 306.00

1000-2000 

 9 063.00

 7 500.00

BANCO BPI

PTBPI0AM0004

6 936 939.00

 1 015.00

500-600 

 6 838.00

 7 500.00

BRISA

PTBRI0AM0000

9 011 709.00

 1 176.00

1000-2000 

 7 661.00

 7 500.00

CIMPOR CIMENTOS

PTCPR0AM0003

5 462 291.00

  762.00

700-800 

 7 168.00

 7 500.00

EDP ELEC.PORTUGAL

PTEDP0AM0009

37 930 655.00

 2 300.00

3000-4000 

 16 494.00

 15 000.00

GALP ENERGIA-NOM

PTGAL0AM0009

32 203 490.00

 2 888.00

1000-2000 

 11 150.00

 15 000.00

JERON.MARTINS ESC.

PTJMT0AE0001

9 006 894.00

 1 316.00

800-900 

 6 846.00

 7 500.00

PORTUGAL TELE.NOM.

PTPTC0AM0009

29 667 280.00

 2 395.00

3000-4000 

 12 388.00

 15 000.00

ZON MULTIMEDIA

PTZON0AM0006

5 025 608.00

  763.00

700-800 

 6 583.00

 7 500.00

      

Liquidity Indicators of the remaining shares


Unit: Euro

Shares

ISIN

Code

 Average Daily Turnover

 Average Daily Number of Transactions

Free Float

(EUR million)

ESPIRITO SANTO

LU0011904405

1 020 461.00

  70.00

 

E.SANTO FIN.NOM

LU0202957089

 15 552.00

  3.00

 

ALTRI SGPS

PTALT0AE0002

1 559 004.00

  379.00

 

BANIF NOM.ESC.

PTBNF0AM0005

 843 978.00

  168.00

 

COFINA SGPS ESC.

PTCFN0AE0003

 129 179.00

  50.00

 

CIRES ESC

PTCIR0AE0008

 7 136.00

  3.00

 

COMPTA EQUIP.SERV.

PTCOM0AE0007

 1 306.00

  2.00

 

CORTICEIRA ESC.

PTCOR0AE0006

 49 595.00

  14.00

 

ESTORIL SOL P ESC.

PTESO0AE0000

 8 258.00

  3.00

 

ESTORIL SOL N.ESC.

PTESO0AM0000

 

 

 

FUTEBOL CLUBE

PTFCP0AM0008

 5 045.00

  7.00

 

FINIBCO HOLD.NOM.

PTFNB0AM0005

 153 490.00

  24.00

 

F.RAMA

PTFRV0AE0004

 28 828.00

  27.00

 

FISIPE

PTFSP0AE0004

 1 780.00

  3.00

 

MEDIA CAPITAL

PTGMC0AM0003

 4 207.00

  3.00

 

IMOB.GRAO PARA

PTGPA0AP0007

  674.00

  2.00

 

IBERSOL SGPS ESC.

PTIBS0AE0008

 164 839.00

  24.00

 

INAPA INV.GESTAO

PTINA0AP0008

 544 436,00

  131.00

 

IMPRESA

PTIPR0AM0000

 528 200.00

  126.00

 

LISGRAFICA IMPRES.

PTLIG0AE0002

 32 203.00

  19.00

 

MOTA ENGIL

PTMEN0AE0005

2 264 764.00

  400.00

 

MARTIFER

PTMFR0AM0003

 633 418.00

  147.00

 

NOVABASE

PTNBA0AM0006

 317 485.00

  77.00

 

OREY ANTUNES ESC.

PTORE0AM0002

 14 843.00

  5.00

 

GLINTT

PTPAD0AM0007

 338 753.00

  84.00

 

PAPEL. FERNANDES

PTPFE0AP0001

 1 062.00

  2.00

 

PORTUCEL IND.

PTPTI0AM0006

2 516 142.00

  346.00

 

REDITUS GESTORA

PTRED0AP0010

 106 651.00

  10.00

 

REN

PTREL0AM0008

1 095 515.00

  306.00

 

SONAE IND.SGPS

PTS3P0AM0017

3 377 793.00

  622.00

0-100

SAG GEST SOLUCOES

PTSAG0AE0004

 201 575.00

  55.00

 

SOARES COSTA ESC.

PTSCO0AE0004

 445 621.00

  121.00

 

SOARES COSTA PREF.

PTSCO0VE0009

  287.00

  1.00

 

SPORTING DESPORT.

PTSCP0AM0001

 3 044.00

  6.00

 

TOYOTA CAETANO

PTSCT0AP0018

 43 718.00

  2.00

 

SEMAPA

PTSEM0AM0004

1 817 881.00

  356.00

 

BENFICA

PTSLB0AM0010

 7 234.00

  15.00

 

SUMOLIS ESC.

PTSML0AM0009

 22 841.00

  4.00

 

SONAECOM,SGPS

PTSNC0AM0006

1 246 700.00

  289.00

 

SONAE CAPITAL

PTSNP0AE0008

1 150 747.00

  206.00

 

SONAE,SGPS

PTSON0AM0001

10 965 298.00

 1 034.00

300-400

TEIXEIRA DUARTE

PTTDU0AM0007

2 161 779.00

  405.00

 

VAA VISTA ALEGRE

PTVAA0AE0001

 5 404.00

  6.00

 

VAA-VISTA MERGER

PTVAA9AE0002

 14 722.00

  13.00

 


Note:
The Commission Regulation (EC No. 1287/2006 of 10th August 2006) (Article 34/6) envisages the CMVM disclosing the calculations laid down in Article 33 of the Regulation for shares admitted to trading in a regulated market  whereof it is the relevant competent authority. The said list is also reported to the Committee of European Securities Regulators (CESR) which compiles the information submitted from all the Authorities of the Member States and discloses same on its website (http://mifiddatabase.cesr.eu).

The pertinence of said list lies in allowing the market players to identify the 'liquid shares' (calculations based on the criteria laid down in Article 22 Regulation) whereby the systematic internalisers, pursuant to Article 24 of the Regulation, will have to disclose quotes nearest to the other comparable bids which are being quoted in other trading areas or systems (Regulated Markets or Multilateral Trading Facilities). Simultaneously, the value disclosed on the average daily turnover is also used to assess the grace period possible for the disclosure of post-trading information on  'block trades' (Article 28 Regulation).

The list, disclosed today by the CMVM, shall be applicable until 1st April 2010. The said list shall only be updated if there is an important change concerning the share or issuer and which is capable of having a substantial and lasting impact on the calculations currently carried out.

In the said list, 11 'liquid shares'  are identified: BCP, Brisa, EDP, EDP Renováveis, Galp Energia, PT, BES, BPI, Cimpor, Jerónimo Martins and Zon Multimédia.