Lisbon shares AFX at a glance outlook UPDATE |
|
|
|
Published
:
Thu, 22 Mar 2007 09:14
|
(adds more news headlines)LISBON (AFX) - Share prices are expected to open higher after a strong Wall Street close yesterday with Galp Energia seen gaining after Merrill Lynch started coverage of the energy group with a 'buy' stance, dealers said.Yesterday, the PSI 20 index closed up 46.73 points at 11,555.64, after trading in a range of 11,512-11,578.FORTHCOMING EVENTSTODAY-Diario Economico renewable energy conference (Lisbon)EARLY/OVERNIGHT NEWS-CMVM approves BCP, Santander deal for BPI stake-Repower willing to be bought by Areva or Suzlon/Mota Engil's Martifer; suggests joint approach-Portugal Telecom says UBS decreases stake to 4.08 pct from 5.42 pct-Violas controls over 90 pct of casino operator Solverde following takeover bidTODAY'S PRESS-BPI chairman Ulrich available to stay until 2013 (Diario de Noticias)MARKET SENTIMENT-Market expected to open higher after gains on Wall St and Asia given the dovish tone of the US Federal Reserve's statement overnight-Galp seen up after Merrill Lynch started coverage of the energy group with a 'buy' stance and an 8.80 eur per share price target, citing the company's high growth prospects-EDP also in focus after Morgan Stanley reiterated its 'overweight' stance and 4.5 eur per share price target on the energy group, calling it the 'safest play' in the Iberian utilities sectorandrew.newby@thomson.comlm/lm/lm/an/lm/anCOPYRIGHTCopyright 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.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
|
|
|
|
Print this Story
TMT highlights to 09:10 GMT 