PSI-20 drops over 2% with 18 listed in red. Galp plunge 6.19% – Stock Exchange

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)