New risk for Net stock is loss of liquidity
quinta-feira, 08 de agosto de 2002 , 18h20 | POR REDAÇÃO

As if it weren?t enough to have witnessed a stunning plunge in the value of their stock, which lost another 1.75% in São Paulo Wednesday, August 7, after a low of 10% during the day ? despite a 21% rally on Nasdaq ? the latest headache for minority shareholders in Net Serviços is the possibility of a reduction of its weighting in the Bovespa Index. That would diminish the stock?s liquidity even further, since index funds would have to unwind positions in Net (PLIM4) as a result. Trading volume has steadily dwindled, falling 70% in physical terms and 37% in value in the first week of the month. Net?s market cap is now 157.43 million Brazilian Reals. Guarantees to creditors account for about 30% of revenue.


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