Connect with us

Economy

PSI-20 ends its worst week since January. CTT, BCP and Galp Withdraw Over 650 Million – Stock Exchange

Published

on

More than 3% EDP Renováveis ​​price increase helps PSI-20 stand out from its peers - Stock Exchange

The PSI-20 index ended Friday’s session with an accumulated loss of 2.76% over the past five days and will close today, July 16, at 5,030.02 points. It was the worst week since January for the national exchange. The Stoxx 600 benchmark for Europe fell 0.8% over the same period.

The worst performers were CTT – Correios de Portugal, which fell about 13%, BCP – Banco Comercial Português, which lost about 7.5%, and Galp Energia, which lost 5.70%. Adding up the net losses of the three companies subtracts 658 million from the total capitalization of the Portuguese index.

On CTT, the largest drop was recorded on Friday (-11.21%), on the day Barclays lowered its CTT recommendation from “equal weight” to “underweight”. In the afternoon, the price fell more than 14%, which was the largest devaluation. intraday from November 2017.BCP’s weekly devaluation comes after a bank led by Miguel Maya last week rose 5% last Friday.

Galp Energia, which is depreciating again today by 1.72% to 8.46 euros, has joined the supply of oil. Brent, traded in London and serving as the benchmark for Portugal, expires for three consecutive weeks. But here, fuel prices continue to rise, in a busy week between the Government and gas stations.

While these were the three worst contributions in percentage terms, this is not the case in absolute terms, as there are companies with much higher capitalization such as the EDP clan or even Jeronimo Martins.

Also on the downside were Mota-Engil (-4.4%), EDP Renováveis ​​(-3.6%) and EDP (-1%).

See also  Swedes and Chinese to launch subscription cars in Portugal in 2023 | engines

The weekend ends in “red”

In the middle of this weekly loss, the national stock exchange ended Friday’s session with a 1.58% drop, with the three listed above (CTT, BCP and Galp) showing the largest losses also in daily terms.

Added to this list are two listed companies in the pulp and paper sector, with Navigator shedding 2.61% to € 2.91 / share and Altri down 2.38% to € 5.13 / share.

However, today Santander chose the Portuguese Altri best quoted in the industry, again highlighting a buy recommendation for the pulp maker, anticipating a sector-wide recovery in Europe, according to a note that Negotsios had access to.

Benfica and Greenvault stand out among the “outsiders”

Apart from the PSI-20, the focus is on the actions of Benfica, who returned today to shoot more than 20% in the middle of the session, after the news, promoted morning Post he realized that the American John Textor would be willing to buy 25% of the SAD embodied by José António dos Santos, better known as Rey dos Frangos.

But the price Textor was willing to pay for each share was € 8.60, more than double the € 4.14 that Benfica registered at the close of the session (+ 15%). In addition to the stock rally, liquidity was significantly higher than usual. Almost 105,000 shares of Benfica were sold this Friday, compared to 3,500 shares sold per day over the past nine months.

In spite of this, the Benfica leadership announced that will oppose to the sale of shares corresponding to 25% of SAD held by John Textor. This information is contained in release sent by the Club da Luz, in which he informs that management “declares that it considers this transaction untimely, for this reason it will oppose it in the exercise of its rights and obligations, if this issue is subject to consideration at the general meeting of shareholders of Benfica SAD.”

See also  Prepare your wallet: fuel will increase next week - Petroleo

Greenvolt, Altri’s renewable energy subsidiary, closed its second session on the national stock exchange, shedding 2.92% to 4.66 euros per share. Yesterday, the company led by João Manso Neto debuted with gains of about 13% after growing by almost 25% in the first minutes of negotiations. The shares closed 55 cents above € 4.25, which were sold in the IPO.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Economy

Everything has been delivered. 10 Bugatti Centodieci are already in the hands of the owners

Published

on

Everything has been delivered.  10 Bugatti Centodieci are already in the hands of the owners

OAll Bugatti Centodieci have been delivered, the Molsheim-based brand said on Monday. Cristiano Ronaldo received the number 07 in October this year. and Bugatti has now revealed that the latest unit – #10 – is already in the possession of its owner.

“The Centodieci combines all the values ​​of the Bugatti brand in an extraordinary package: rarity, innovation, heritage, craftsmanship and unrivaled performance. The production batch of 10 units was so in demand by our customers that it was sold before the Centodieci. was even officially presented,” said Christophe Piochon, president of Bugatti.

This latest example is finished in Quartz White with carbon fiber trim on the bottom and matte grilles. The brake calipers are painted in Light Blue Sport, as is the logo on the rear that refers to the EB110, the iconic Bugatti model that inspired this Centodieci. Inside, the predominant color is also blue, as you can see in the images above.

This block is powered by the same block as the other nine instances. The 8.0-liter W16 with four turbines is capable of developing 1600 hp. In terms of performance, this allows the Centodieci to hit 100 km/h in just 2.4 seconds and reach a top speed of 380 km/h.

Recall that each unit costs the owners eight million euros before taxes.

Read also: We already know when the Bugatti Centodieci fell into the hands of Ronaldo.

Continue Reading

Economy

The first Dacia hybrid. “The cheapest hybrid family on the market”

Published

on

The first Dacia hybrid.  "The cheapest hybrid family on the market"

BUT Dacia revealed this Monday that the hybrid engine has been available since March on the Jogger, the Romanian brand’s model known to be available with a seven-seat variant.

The Jogger Hybrid 140, Dacia’s first hybrid, will hit dealerships in March, but customers can expect and order it as early as January.

The price has been revealed by Dacia and since it’s only available in the seven-seater SL Extreme, it starts at €28,800. The brand claims it is “the most affordable hybrid family car on the market.”

Available in six existing colors to celebrate the launch of this hybrid, there will be a slate gray version, as you can see in the images above.

Equipped with a 1.6 liter four-cylinder petrol engine with 90 hp, the Jogger is also powered by two electric motors (a 50 hp engine and a high-voltage starter-generator). The total power is 140 horsepower. The electric transmission is automatic, four-speed, connected to an internal combustion engine, and two speeds are connected to an electric motor. This combined technology was possible, according to Dacia, only due to the lack of clutch.

Combined with the energy recovery levels of the 1.2kWh (230V) battery pack and the efficiency of the automatic transmission, regenerative braking delivers all-electric traction on 80% of urban journeys and saves up to 40% of fuel compared to a combustion engine vehicle.

Read also: Dual-fuel Dacia Jogger Eco-G. We tried 5 seater and LPG…

Continue Reading

Economy

See how Tesla tests its electric Semi truck in the worst-case scenarios

Published

on

Tesla Semi camião elétrico testes

Tesla has finally been able to bring its long-awaited Semi to market. This electric truck promises to revolutionize transportation and bring all the unique characteristics of this type of electric vehicle to this class of vehicles.

Now that the first units have been delivered, there is hope that they will finally be mass-produced and reach more transport companies. With so many promises to be kept, a new video is now emerging showing Tesla testing its Semi truck under worst-case scenarios.


Tesla Semi is already on the market

Like all Tesla electric vehicles, Semi follows the same line of creating a unique design associated with a platform with the most modern technology available. The proof is in what was presented to the public and surprised most people.

To prove the quality of this new proposal, Tesla published in your LinkedIn account new video. In it, he reveals some of the testing he's done to determine the strength and quality of the Semi's design and its (potential) durability.

Tests to prove its durability

It has been revealed that the Tesla electric truck is subjected to numerous tests and its application in the worst scenarios that drivers may face. It doesn't stop at the ruggedness of the Semi's designs, but goes further and focuses on the motors and batteries themselves.

This is the proof that many have been waiting for to ensure that this new proposal is not limited to a lot of autonomy. Its resistance is great and will provide greater durability, further enhancing the Semi's value and performance.

See also  The new Securities Code comes into force at the end of January. Here's What's Changing - Markets

high quality electric truck

Tesla has already showcased the Semi's quality with a video showing its truck driving roughly 500 miles on just one charge. The big news here is that he managed to make this long journey with a maximum load of about 37 tons.

Now Tesla remains to widely place the Semi on the market. At the moment, only a few companies have access to this new product, with a very long list of pending deliveries, who want to start mass-using this electric truck offering.

Continue Reading

Trending