The Portuguese stock market accompanied the negative sentiment prevailing in Europe, although it was the least sanctioned market. Today was marked by declines in the oil, gas and utilities sectors, which tends to be reflected in the PSI, as these sectors greatly influence the national index.
The PSI index rose 0.16% to 5,956.83 points, with 11 listed in the red and four in the upside, while Semapa ended the day unchanged.
Hardest hit were EDP Renováveis shares, which fell 2.94% to 17.85 euros, the lowest since February last year. The other listed company linked to green energies, Greenvolt, lost 2.6% to close at €6.00, its lowest in two months.
Still in the energy sector, the REN yielded 0.8%, to 2.48 euros, while Galp fell 0.63%, to 11.03 euros, and the EDP declined by 0.6%, ending the session at 4.465 euros.
The oil company followed suit in Europe, despite the fact that oil prices were on the rise and Galp saw RBC Capital revise the “target” for its shares upwards.
Pressure was also on the BCP index, whose value fell 0.5% to €0.2203, in line with the performance of European banks.
Preventing further losses on PSI was Jerónimo Martins, the second largest company on the index, which rose 3.5% to €26, its all-time high at the time of the close. During the session, the shares of the owner of Pingo Doce touched an absolute record of 26.04 euros.
Mota-Engil also shone, rising 1.58% to €2.245, on the day CaixaBI revised upward the recommendation and price target for construction stocks.
“Wannabe internet buff. Future teen idol. Hardcore zombie guru. Gamer. Avid creator. Entrepreneur. Bacon ninja.”
More Stories
Buying an entire house is impossible…but what if it is just part of it? “Fragmental ownership” is gaining momentum with the real estate crisis
Trump Media Auditor Suspended for 'Fraud' by SEC – Current Affairs
Revolutionary wood turbine that provides free light with unlimited energy from rivers – Executive Summary