Bloomberg News

Portuguese Equity Movers: EDP-Energias, Portugal Telecom

December 14, 2011

Dec. 14 (Bloomberg) -- Portugal’s PSI-20 Index rises 0.1% as of 9:26 a.m. in Lisbon, with 8 of the 20 stocks on the benchmark gaining.

ADVANCERS: *EDP-Energias de Portugal (EDP PL) +0.3%; EON’s proposal to buy stake in utility has gathered more “political consensus,” Diario Economico reports *Portugal Telecom (PTC PL) +1%; raised to buy from accumulate at Caixa Banco de Investimento

--Editor: Mike Gavin

To contact the reporter on this story: Henrique Almeida in Lisbon at halmeida5@bloomberg.net

To contact the editor responsible for this story: Angela Cullen at acullen8@bloomberg.net


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