Cimpor - Cimentos de Portugal gains 3.9 per cent on weak volume, monthly rise of 10.3 per cent

Cimpor - Cimentos de Portugal gains 3.9 per cent on weak volume, monthly rise of 10.3 per cent
Published: 24 December 2008

Cimentos de Portugal (CPR.LS) gained 13 Eurocents (or 3.9 per cnet) to €.47 in the week ending Tuesday December 23. Compared with the PSI-20 index which rose 56.2 points (or 0.9 per cent) in the week, this represented a relative price change of three per cent. The volume was 0.4 times average trading of 5,723,351 shares.

Price Trend: The price soared 10.3 per cent in the last month.

Relativities: Compared with the PSI-20 index which rose 6.2 per cent for the month, this represented a relative price increase of 4.1 per cent for the month.

Support: The support price is hovering at the Euro3.18 level. Volume traded at the fragile support price zone was 0.1 times average during the single occasion when the support price was breached. In the last one month the first low was at €3.18 on Nov 24.

Resistance: Resistance is apparent at €3.71. However, selling pressure at that level has been weak; volume was 0.1 times average during the two occasions when the resistance price was breached in the last one month. In the last one month the highest was at Euro3.71 on Dec 01, the second advance halted at €3.64 on Nov 28.