Economy

PSI-20 in red with Corticeira Amorim dropping more than 6% – Bag

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The PSI-20 index closed the session on Friday, July 30, declining by 1.81% to 5,026.90 points, of which 11 were quoted in the fall, five at the high and two did not change at the close of Thursday, thus moving away from the high reached yesterday. July 16.

Thus, the main national index lost about 0.70% of its accumulated over the week, thus remaining with a positive balance of about 0.10% in the month of July, an increase that follows a decline of almost 3% accumulated during the month. … June month.

With the exception of the Athens Stock Exchange, which accounted for 0.81%, major areas of the old continent traded in negative territory, with the European benchmark Stoxx600 breaking a two-day high in a session in which all sectors of the old continent retreated, this excluding real estate and chemicals. The tourism and commodities sectors recorded the largest losses in Europe.

Corticeira Amorim fell 6.25% to € 10.50 and its shares had the most negative impact on sentiment in Lisbon, followed by EDP Renováveis ​​(-4.35% to € 19.80) and Altri (-4. 94% up to € 5.095). The devaluation of Altri occurred after yesterday the company reported profit from 44.8 million euros in the first half of the yearwhich represents an increase of 384.8% over the profit reported for the same period in 2020.

The energy sector put pressure on the Lisbon stock market with the EDP down 2.30% to € 4.377 after being presented yesterday profit 343 million euros in the first six months of this year, up 9% over the same period in 2020. Continuing with energy, Galp fell 2.88% to € 8,224, while REN closed unchanged at € 2,355.

REN reported on Thursday net profit 39.5 million euros in the first six months, a decrease of 14% over the same period last year. This Friday it was reported that the multimillionaire owner of Zara acquired 12% of quoted

Also negative indicators were BCP (-2.28% to 12 cents per share) and Ramada (-2.33% to 5.86 euros).

The retail sector and Novabase did not allow a sharper fall in the PSI-20 index. Geronimo Martins added 0.41% to € 17.175 on the day the retailer was trading at its February 2018 high and Sonae added 0.97% to 83.25 cents after breaking the record yesterday 62 million euros in profit in the first semester. Novabase added 0.43% to 4.65 euros one day after reporting profit of 3.3 million euros from January to June

(Updated news)

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