PSI closed this Friday, the June 10 holiday, falling 3.39% to hit 6087.96. This is the biggest drop in the Portuguese stock market benchmark since March 18, 2020, when we were in the early stages of the COVID-19 pandemic.
The Portuguese market followed a “red tide” recorded in Europe (and on Wall Street) when investors were surprised by an unexpected surge in US inflation to a four-decade high, while in Europe the previous day’s announcements were still being digested by the ECB. that the net debt purchases will end on July 1 and indicate a 25 basis point hike in key rates in July and a size yet to be determined in September.
Here, all 15 PSI-listed companies ended the session in the red, but the focus is on BCP, which fell 11.33% to EUR 0.173 on the day Tigon pointed out the vulnerability of Poland’s BCP bank, Millennium. bank, on a moratorium approved by the Polish Parliament.
Both Greenvolt (-6.67%, to 7 euros), which yesterday announced a capital increase of 100 million euros, and CTT, which lost 6.5% to 3.45 euros, closed with a significant drop.
Paper mills Altri, down 4.18%, and Navigator, down 3.3%, were also valued compared to the index, while Semapa shed 3.62%.
In energy, Galp fell 3.31% to 12,405 euros on a day as oil prices eased from recent gains. Listed companies of the EDP group were the least punished, but still with a drop of more than 1%. EDPR fell 1.2% and the parent company fell 1.17%.
Jeronimo Martins, who has the highest weight in the index, was the only one to lose less than 1%. Owner Pingo Doce closed up 0.65% to 18.42 euros.
