BCP was the security that fell the most in the main index of the Lisbon Stock Exchange, which was penalized due to pressure on the largest shareholder. The Chinese authorities have asked to the largest banks and state-owned companies in the country to declare the degree of financial risk Fosun Group, which owns 29% of the capital of the Portuguese bank.
BCP shares fell 5.69% to 0.1442 Euro. The fall comes on a day when the bank, led by Miguel Maia, is in Madrid on a “roadshow” to meet with investors, according to information provided by Bloomberg.
REN, a company in which Fosun indirectly owns (through Fidelidade) 5% of the equity, depreciated 0.57% to €2.61. These two companies were among the top ten PSI-listed companies that closed in the red. Among the 15, only five registered gains in the session, with the index falling 0.91% to 6.025.52 spots.
Greenvolt shares fell 2.03% to €9.15 a share, while CTT shares fell 1.92% to €3.32. Shares of Galp Energia shed 1.17% to 10.60 euros after the devaluation of oil prices.
On paper, Altri was behind 1%, Navigator 0.32% and Semapa 0.14%. Corticeira Amorim (-1.78%) and Sonae (-1.12%) closed the list of listed companies in the red.
The main opposition was Jeronimo Martins, who rose by 1.22% to 23.22 euros. Mota-Engil (+0.66%), EDP (+0.58%), EDP Renováveis (+0.28%) and Nos (+0.27%) also gained in the session.
Overall, stocks in Europe traded lower, breaking a three-day bullish cycle that was penalized US inflation higher than expected in August, raising the possibility that the US Federal Reserve will have to raise interest rates even further, accelerating the risk of a recession.
