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Lisbon shares TFN at a glance outlook


Published : Thu, 10 May 2007 08:08
By : Agencies
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LISBON (Thomson Financial) - Share prices are expected to open higher after gains on Wall Street with Portugal Telecom in focus after its first-quarter results beat estimates, dealers said.

Yesterday, the PSI 20 index closed up 36.11 points at 12,371.15, after trading in a range of 12,335-12,389 on turnover of about 270 mln eur.

FORTHCOMING EVENTS

TODAY

-Portugal Telecom Q1 results (before market)

-PT Multimedia Q1 results (before market)

-Sonae Q1 results (after market)

-Cofina Q1 results (after market)

TOMORROW

-Cimpor AGM

EARLY, OVERNIGHT NEWS

-Altri beats forecasts with 19 pct on-quarter rise in net profit

-Jeronimo Martins says planned stock split to take place on May 31

-Sonae Sierra Q1 net falls 36 pct to 14 mln eur on lack of one time items

-*PORTUGAL TELECOM Q1 NET 177 MLN EUR, UP 16.3 PCT; BEATS FORECASTS

-*PORTUGAL TELECOM Q1 OPG REVENUES 1.460 BLN EUR, UP 2.5 PCT; BEATS FORECASTS

TODAY'S PRESS

-Banco Espirito Santo in talks to buy West LB Americas (Diario Economico)

-CMVM 'concerned' about businessman Berardo's investments (Jornal de Negocios)

MARKET SENTIMENT

-Altri and PT will both be in focus after first-quarter results were above estimates.

-Sonae will also be in focus after its Sierra unit reported a 36 pct drop in first-quarter net profit to 14 mln eur and reported a slight drop in its NAV.

luis.morais@thomson.com

lm/lm/jg/slj

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Copyright AFX News Limited 2007. All rights reserved.

The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.

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