Cimpor shares rise following upgrade

Cimpor shares rise following upgrade
Published: 01 July 2010

Cimpor shares today reported the biggest rise in a month, following an interim analysis of Santander, where the cement rises recommendation to ’buy’.
 
Share of Cimpor accelerated 5.6% to 4.66 euros, the best performance in today’s 20 PSI and the biggest rise in since May 26.
 
This on a day when the main index gains Portuguese notes in excess of 2%.
 
The ’performance’ of the securities comes after Santander revised upwards its recommendation for action fro ’underweight’ to ’buy’, arguing that current prices are a good buying opportunity.