07/09/2009

PEERS & MARKETS

Trends 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.