CTT led declines in Lisbon on Friday, with bonds down 9.94% to €4.35. Shares in the postal services company were reacting to the quarterly accounts, which were released Thursday after the market closed. As of September, the company led by João Bento recorded a profit of 26.3 million euros, a figure that compares with 4.3 million achieved in the same period last year.
Thus, stocks closed at their lowest levels in August of this year. CTT lost nearly 70 million euros in a single day, with the market capitalization of the shares dropping to 655 million euros.
This poor performance of the Postal Company affected the Lisbon market, as the PSI-20 finished the last session of the week 1.02% lower at 5,644.63 points. Of the 19 listed companies that make up the benchmark index, 11 companies closed on negative territory and eight closed on an increase. EDP Renováveis recorded the second largest drop of the session in Lisbon, dropping 2.38% to €22.14. The parent company, EDP, gave 1.53% to 4.76 euros. Still in the energy sector, Greenvolt gave 1.58%, ending the day at €6.85.
REN, which saw the Spanish bank JB Capital Cut the recommendation from neutral to “minus”It fell 2.11 percent on the session, with bond prices close to 2.56 euros.
Navigator gave slightly (0.12%), to 3.36 euros, the day JB Capital also made changes to the recommendation on the company’s securities. The Spanish bank lowered the recommendation regarding the shares of this listed company, which switched from “buy” to “neutral”. Despite the downgrade, analyst Joao Pinto kept the target price at €3.80.
Galp, one of the PSI-20 heavyweights, rose 0.91% on Friday, to €9.08. China’s central bank closed the session unchanged, and bonds were priced at 16 cents.
Jerónimo Martins’ valuation rose 0.53% to close at €19.89. Pingo Doce owner titles hit a new all-time high in this session, exceeding €20 per share. JB Capital Markets has stopped recommending the company’s bond purchase and has begun advising on a “neutral” position, in line with most advisors who follow the Pingo Doce owner. However, JB Capital let you know that they have adjusted upwards The target price for the Portuguese retailer’s shares.
Simaba was the company that appreciated the most, ending the session with a gain of 1.63% to €12.46, in reaction to the results released on Thursday, after the market closed.
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