Expansion / Another avalanche of sales breaks to the downside the key support of the trading in the short term.
After many sessions clutching as straws here the support of 1 euro per share, Banco Popular lost this level at the start of the session. The action of the entity that presides Angel Ron low in these first bars between 1.5% and 2%, and has scored a minimum of a day between 0,985 euros by title.
The falls are a continuation of the sharp declines of last week and especially last Friday, when stocks slumped 8.42 percent after the presentation of the group’s results in the third quarter of the year. That day, as prominent as the fall was the extraordinary trading volume that accompanied it.
changing hands 117 million shares, the highest figure since the bank was closed last June, the capital increase of 2,500 million euros, almost doubled the number of shares of the bank in circulation. The recruitment, which led to the change of hands of 2.8% of the capital in his day, illustrates the enormous nervousness that spread out among the group’s shareholders.
This Monday, with the action already below the bar for 1 euro, it is repeating the history. In just half an hour have changed hands more than 14 million titles of Popular, a figure that represents half of the daily average of recruitment of 2016 in a full day.
The fall of this Monday broken provisionally to the low a key support as the of 1 euro per share. According to analysts, a loss of a definitive and more profound of that level could bring the value to new falls.
SPAIN: Popular lose the level of 1 euro per share with the volume shot
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http://entornointeligente.com/articulo/9173344/ESPANA-Popular-pierde-el-nivel-de-1-euro-por-accion-con-el-volumen-disparado
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