Altri and BCP fell more than 6% in the Lisbon Stock Exchange and led the losses, on a red day for European stocks due to the deterioration of the epidemic situation. PSI-20 fell 1.37% to 5,503.58 points in the current Friday session, after it closed with 15 of 19 listed in the red.
Selling on the stock exchange was caused by a decision
Austria will impose national containment measures from Monday. In addition, the Austrian authorities announced that vaccinations will become mandatory from February 2022. Henrik Tome, an analyst at XTB, stressed that “although Austria does not have a great international weight, this decision shows how the epidemiological situation in Europe has once worsened.” other”. Noting that after Austria’s announcement, the German Health Minister also said that the possibility that Germany could also adopt national confinement measures could not be ruled out.
“As new cases of Covid-19 are on the rise across Europe and threaten to overwhelm the healthcare system, the pandemic may prove to be a major market driver in late 2021 and early 2022,” the analyst noted. Across Europe, the session was one of the losses, with the Stoxx 600 Index down 0.25%. Spain’s IBEX and Italy’s FTSE MIB followed the Lisbon index, falling above 1%.
European banks were among the sectors most exposed to sanctions, falling by about 3%, which penalized the Central Bank of Portugal. The bank’s shares, led by Miguel Maya, fell 6.23 percent to 0.1444 euros per share. Altri’s stock also fell 6.84% to 5.38 euros per share, although earnings rose 282.1% to 92.8 million euros in the first nine months of the year and analysts praised. The group’s decision to make participation in the energy company Greenvolt independent.
The decline may be related to the warning about the impact of inflation on the accounts: operating costs grew by 14.3% compared to the first nine months of 2020, registering “some inflationary pressures”, specifically in energy and timber costs.
Still significant losses in the national index are Ibersol (-3.4%), Galp Energia (-2.64%), Mota-Engil (-1.96%), Greenvolt (-1.9%), Sonae (-1.7%), Navigator (- 1.04%) Farol (-1.01%). In other words, nearly half of the PSI-20 incurred losses greater than 1%.
In the opposite direction, only four closed included in the green. Novabase, EDP Renováveis and Semapa gained less than 0.5%, while Ramada led the gains, rising 5.72% to 6.28 euros per share.
(news updated at 5:10)
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