Cofina Extends Gains Before Joining PSI-20 Index: Lisbon Mover
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Cofina SGPS SA rose for a fourth day to close at the highest level in almost eight months, as the Portuguese news publisher prepares to join the country’s benchmark PSI-20 stock index on Sept. 24.
The stock climbed 17 percent to 70 euro cents, the highest price since Jan. 19. Cofina has almost doubled since the NYSE Euronext Lisbon exchange announced on Aug. 29 that the publisher would join the index.