Why did CTT - Correios De Portugal stock rise on 9 October?
Written after the close on
CTT - Correios De Portugal +0.26% · PSI −0.86%
CTT rose slightly in the last session, helped by a broker update. Over the last five trading days CTT - Correios De Portugal fell clearly, and the Portuguese market PSI fell clearly too, so CTT moved more than the market. The likely driver is a broker update on the company's actuals and estimates, which can shift expectations for the next earnings report in early November. Watch that report for how the postal and parcel business is performing.
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