Against the current: Markets slid, yet Companhia Paranaense de Energia – COPEL & Centrais Elétricas Brasileiras S.A. – Eletrobrás went up and made this list of yesterday's top utilities stocks gainers.
Leading equity indices in the US declined as S&P 500 slipped 0.77% and closed at 4,348.33. Nasdaq closed at 13,500, a 1% change.
Amid the market gloom, United States Services PMI came out at 54.1, while a consensus of analysts was expecting 54.
Despite markets falling yesterday, some utilities stocks managed to post gains. Have a look at these Top Gainers.
+4%: Companhia Paranaense de Energia ended yesterday at $8.29, a 4% increase
Companhia Paranaense de Energia – COPEL rallied 4% and ended the session at $8.29. The company has a market cap of $22.69 billion with an average daily trading volume of 409,330 shares. So far this year, it has been beating the Nasdaq by 1.95%.
Centrais Electricas Brasileiras gains 2.09%, closes at $8.32 ahead of the quarterly earnings report set for Monday
The Brazilian electric utilities company gained 2.09% and stayed at $8.32 levels. Centrais Electricas Brasileiras's market cap is currently $19.20 billion with an average daily volume of 1.53 million shares. So far this year, it has been under-performing the Nasdaq by 8%.
The company trades at $8.32 ahead of quarterly performance report which is scheduled to be released Monday.