BCP returned to be the most penalized company in the PSI-20

  • ECO News
  • 25 September 2019

The bank's shares were once again the most penalized in Lisbon, falling more than 5% in a day of losses also for the European financial sector.

BCP added the fourth session of falls and the negative cycle has already taken away about 400 million euros from its stock market value. The bank returned to be the most penalized in the PSI-20 in the session on Wednesday, closing to fall more than 5%.

The main Portuguese index fell 1.62% to 4,875.44 points, with almost all the national listed companies falling – only F. Ramada and Ibersol escaped the selling pressure and closed on high.

However, the BCP, which had the worst record: the shares of the bank ceded 5.5% to 0.1771 euros. Since last Friday, the bank already accumulates a negative variation of 13.3%, equivalent to 400 million euros of its market capitalization.

At last but not least, Jerónimo Martins performed poorly. The Pingo Doce retailer saw the shares retreat 2.44% to 15.39 euros, following the news that the Polish Competition Authority is investigating the company for suspicions of unfair commercial practices.