The PSI-20 ended Tuesday’s session with a 0.16% drop to 5,154.86 points, in line with the trend of other European competitors, while the sudden collapse in oil prices affected the entire oil sector.
After the rise in crude oil prices, when the price of Brent, the benchmark for Portugal, was $ 77 per barrel, prices for this crude fell, reflecting the greater volatility caused by the indecision of OPEC + (Organization of the Petroleum Exporting Countries and Their Allies) is to provoke.
Here, EDP Renováveis managed to escape the negative sentiment prevailing in the national stock market, gaining 4.01% to € 20.48 per share on the day that the EDP also followed suit and rose 1.38% to 4628 euros. euros per share.
Thus, investors ignore this fact. from the company to be purpose of searches by prosecutors and the tax authority, in the context of an investigation into the sale of six dams to a consortium led by French Engie on charges of tax fraud.
The issue raised is that no stamp duty of € 2.2 billion was levied on the sale of six dams by EDP to Engie.
The EDP argues that the method used for the transaction, which allowed tax relief, was most appropriate for this type of business. In parliament, doubts were expressed about this option.
But the profits of the two companies were overshadowed by the fall of 13 other companies, including BCP, which depreciated 1.70% to 13.28 cents a share. Oil company Galp Energia was also affected by the fall in oil prices, and by the end of the day it lost 2.83% to 9212 euros.
