PSI-20 closed the session with a 2.70% fall at 4894.43 points, showing the largest fall in 13 months. The Lisbon Stock Exchange followed the trend seen in Europe on the day that major European indices closed in the red and investors moved away from higher risk assets such as equities. You have to go back to June 11 of last year to see the worst results.
In Lisbon, out of 18 listed companies on the index, only two ended the day higher – Ramada and EDP Renováveis. Ramada shares rose 2.39% to € 6, and EDP Renováveis rose 0.05% to € 19.82. Corticeira Amorim closed the day unchanged with bonds at € 10.60.
Among the leaders of the index, the BCP and EDP recorded the largest declines in the session. BCP fell 5.06% to 11.82 cents. CaixaBank BPI expects bank headed by Miguel Maya the second quarter is expected to have a loss of 60 million. Factors such as Poland’s foreign exchange regulations justify this scenario, according to a policy brief presented to Business.
The EDP gained 4.12% in this session at a price of 4.40 euros. Also in the energy sector, Galp fell 3.14% to € 8.194 and REN fell 0.21% to € 2.335.
Retail price of Jerónimo Martins fell 1.54% to 16.60 euros, while Sonae lost 3.62% to 75.85 cents.
Semapa shares were down 6.74% this session, and share prices at the end of the day stood at € 10.52.
On the other hand, CTT fell 5.59% to € 4.225. In the last session of last week, Correios bonds fell about 15%, the largest intraday fall since November 2017. The devaluation last Friday 16th occurred on the day Barclays lowered the recommendation is assigned by the CTT from “equal weight” to “underweight”.
Altri shares fell 4.20% to € 4.91, while Navigator shares fell 4.06% to € 2.790. In telecommunications, Nos fell 3.25% to 2.92 euros.
(updated news)
