Against the current: Markets slid, yet Companhia Paranaense de Energia – COPEL, Centrais Elétricas Brasileiras S.A. – Eletrobrás, Korea Electric Power Corporation went up and made this list of yesterday's top utilities stocks gainers.
Leading equity indices in the US declined as Nasdaq lost 0.85% and ended the session at 11,929. After dropping 0.41%, S&P 500 closed at 4,092.
On the other hand, positive data was released earlier when United States Crude Oil Inventories improved upon its previous reading of -3.74 million with a new data release of 597,000.
Even though markets fell yesterday, some utilities stocks were bullish. Have a look at these Top Gainers from yesterday's session:
+4.74%: Companhia Paranaense de Energia gains 4.74%; sets session high of $7.56
The Brazilian electric utility company went up to $7.52, gaining 4.74%. Currently, the Brazilian utilities giant has a market capitalization of $20.58 billion with an average daily trading volume of 497,026 shares. So far this year, it has been under-performing the Nasdaq by 0.1%.
Korea Electric Power | Closed +1.87% at $7.08
South Korea's largest electric utility company is now trading 12.36% below its 3-month high of $9.5. So far this year, it has been doing worse than the Nasdaq by 21.73%. Korea Electric Power's market cap is currently $9 billion with an average daily volume of 366,602 shares.
Centrais Electricas Brasileiras | Closed +3.79% at $7.12
After closing yesterday at $7.12, the Brazilian electric utilities company peaked at $7.3 before giving up early gains and closing at $7.12.