Lisbon Square ended sharply lower, as the national benchmark index fell 2.43% to 3,642.99 points, with 18 included in the negative territory and one unchanged – Ibersol.
Thus Lisbon followed the downside in the rest of Europe, with all stock exchanges losing more than 3%, focusing on the drop above 5% of the Madrid Ibex 35.
All sectors traded in red on the Old Continent, with quotes focusing on travel, banking, oil and gas and automobiles.
This is at a time when the new covid-19 variant identified in South Africa is raising serious concerns, dragging down global stock markets and other assets such as oil.
The European benchmark Stoxx 600 lost 3.67% in its biggest drop since June 11, 2020. This drop represents a loss of nearly €495 billion in market value.
Here, the most pressured and declining stock was Galp, down 6.19% to €8.27, on a day when crude oil prices fell nearly 11% in London and more than 12% in Nova York on fears of new restrictions and, consequently, lower demand. on fuel.
The BCP also contributed to the underperformance of the national benchmark, returning from 4.16% to 14 cents, thus following the trend in the rest of Europe.
Two faltered more than 5%, Ramada and Altri, which closed at 6.34 and 4.82 euros, respectively.
With over 3% down were Semapa, Navigator, Mota-Engil (on the last day to secure their bonds), Sonae and Pharol.
Also in retail, Jerónimo Martins fell 1.46% to 19.25 euros.
In the EDP group, electricity produced 1.48% to €4.85 and the Renewable Energies subsidiary recorded a decrease of 0.53% to €22.56.
Greenvolt – Altri’s renewable energy arm -, whose green bond was accepted for trading on Euronext Lisbon today, posted a 0.98% drop to €6.04.
(Updated at 5:06pm)
“Wannabe internet buff. Future teen idol. Hardcore zombie guru. Gamer. Avid creator. Entrepreneur. Bacon ninja.”
More Stories
The OECD revises its estimate for economic growth in Portugal to 1.6%.
“There is a lot of capital that can be invested, but the licensing issue needs to be solved,” says the CEO of Vanguard Real Estate.
BBVA is offering one new share for every 4.83 shares held in Sabadell