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Investor Channel is the communication channel between Pirelli and the financial community. Analysts, shareholders and web users can use the channel for direct dialogue with the Group. The blog is moderated by Pirelli Investor Relations.

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PEERS & MARKETS

Peer&Markets 07.09.09Trends in the share market in the week 31 August-4 September 2009 showed significant profit-taking. The most important European financial markets recorded average losses of over 2% with sales striking mainly those markets and shares which had benefitted most from the August rally. As indeed happened in the auto sector (-3.4%) and securities such as Pirelli & C which closed the week at 0.318€ (-6.3%) after gaining over 23% since publication of the half-year results (29 July) on 28 August 2009.

Profit-taking also occurred in the real estate sector with Pirelli RE at -5.8% (0.594€), losing ground from the peak prices of the previous week (share performance for the last week of August +12.3%).

For further information: Investors > Peers & Markets.


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1 news Monday, September 7th, 2009