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Power outage leaves PSI-20 in the dark on gains day in rest of Europe - Stock Exchange

Power outage leaves PSI-20 in the dark on gains day in rest of Europe – Stock Exchange

The PSI-20 index ended the session on Tuesday, October 26, down 0.39% to 5,714 points. Outside, the feeling of “green” among other European squares contrasts with dips recorded in Lisbon, on the day the power sector ended under the water line.

Major European indices saw a session of gains, with the exception of the PSI20. The national index was affected by declines of nearly 3% for Greenvolt and more than 1% for CTT, EDP, Sonae and Galp,” Ramiro Loreiro, market analyst at Millennium Investment Banking, says in a note.

Greenvolt, a subsidiary of Altri, led the decline, losing 2.90% to 7.03 euros per share, while EDP shrank 1.08% to 4.84 euros per share. EDP ​​Renováveis ​​fell 0.42% to €23.68 per share.

Galp Energia ended the day with a loss of 1.02% to €9.35 a share, at a time when the rise in oil prices stalled. Brent, which serves as a reference for Portugal, as well as North American West Texas Intermediate (WTI) finished the European session practically at the “water line”, after the strong rises of the past days.

The remaining company in the energy sector on the national stock exchange REN – Redes Energéticas Nacional, also lost 0.75% to 2.63 euros per share.

“On the other hand, BCP managed to reverse the negative morning sentiment and ended up being in the top three of the valuations, on the day when Bank Millennium reacted positively to the accounts for the last quarter, which showed a decrease in credit-related provisions in Switzerland Francs”, Ramiro Laurel continues.

The bank, led by Miguel Maya, rose 0.71% to 0.156 euros per share.

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NS Millennium Bank, the bank controlled by BCP in Poland, closed the first nine months of the year with losses of 823 million zlotys (181 million euros). The results were again sanctioned by provisions the bank put in place to counter the conversion of mortgage loans into foreign currency. Without these provisions, the corporation would have reported profits in this period.