Benfica loses almost 10% on stock market since Vieira’s arrest

  • ECO News
  • 9 July 2021

Benfica shares are down nearly 4% this Friday following the suspension of Luís Filipe Vieira as the club's president. But the drop is close to 10%, taking into account the last three sessions.

Benfica SAD shares are again under pressure on the stock market. This Friday morning, at the time it was known of the suspension of Luís Filipe Vieira as president, the club’s securities depreciated 3.81% to €2.78, although with very little liquidity – not even 400 shares had changed hands so far.

However, Luís Filipe Vieira’s arrest has already made a bigger dent in Benfica’s market value. Counting the performance in the three most recent sessions, including the current one, the shares have accumulated a loss of almost 10%, from €3.08 at the closing on July 6 to €2.78 this Friday.

Ultimately, the drop represents a €6.9 million loss in Benfica’s market capitalization in just three days. The SAD now has a market value of €63.94 million.

Despite the latest falls, Benfica shares remain in positive territory in the accumulated since the beginning of the year. Who invested in securities of the club on December 31, 2020, continues to gain 11%, in a context of generalized appreciation of risk assets, especially shares.