Altri and BCP fell more than 6% on the Lisbon stock exchange and became the loss leaders, which was a bad day for European equities due to the worsening epidemiological situation. PSI-20 fell 1.37% to 5,503.58 points for Friday’s session, down from 15 of 19 on the red list.
The sell-off on the exchanges caused by the decision
Austria is introducing national containment measures from Monday. In addition, the Austrian authorities announced that vaccines will become mandatory from February 2022. “While Austria does not have much international weight, this decision shows how the pandemic in Europe has deteriorated again,” said Enrique Tome, analyst at XTB. recalling that following the Austrian statement, the German Minister of Health also stated that the possibility of Germany taking national imprisonment measures cannot be ruled out.
“As the number of new cases of Covid-19 grows across Europe and threatens to overwhelm the healthcare system, the pandemic could prove to be the main driver in markets in late 2021 – early 2022,” the analyst said. Across Europe, the session fell with the Stoxx 600 down 0.25%. The Spanish IBEX and Italian FTSE MIB fell more than 1% after Lisbon.
The European banking sector was among the worst hit sectors, where it fell by almost 3%, damaging the Portuguese BCP. The bank, headed by Miguel Maia, fell 6.23% to 0.1444 euros per share. Altri also fell 6.84% to € 5.38 per share, despite earnings rising 282.1% to € 92.8 million in the first nine months of the year and analysts were praising it. the group’s decision to make participation in the energy company Greenvolt autonomous…
The drop may be due to a warning about the impact of inflation on accounts: operating expenses were up 14.3% over the first nine months of 2020, recording “some inflationary pressures” in the cost of energy and wood.
Still with significant losses in the national benchmark were Ibersol (-3.4%), Galp Energia (-2.64%), Mota-Engil (-1.96%) and Greenvolt (-1.9%), Sonae (-1.7%), Navigator (-1.04%) and Farol (-1.01%). In other words, almost half of PSI-20 had losses of more than 1%.
In the opposite direction, only four of those listed closed on the green field. Novabase, EDP Renováveis and Semapa rose less than 0.5%, while Ramada climbed 5.72% at € 6.28 per share.
(News updated at 5:10)
