Lisbon Stock Exchange penalized by the Energy Sector
The Portuguese PSI-20 lost 0.40% and closed at 4,913.35 points. EDP Renováveis registered a fall of 1.43% to 9.66 euros, while the EDP group slipped 1.42% to 3.605 euros.
This Tuesday, the Portuguese PSI-20 lost 0.40% and closed at 4,913.35 points. The Lisbon square was penalized by the poor performance of the energy sector, in which the EDP family stands out.
EDP Renováveis registered a fall of 1.43% to 9.66 euros, while the EDP group slipped 1.42% to 3.605 euros. Galp Energia – which this morning communicated to the market an increase in oil production of 21% in the third quarter of the year accompanied by a deceleration in refining and distribution – also weighed on the index, with a fall of 1.35%, to 13.485 euros, correcting the increase of more than 2% recorded in Monday’s session.
Hindering the fall in the Portuguese index was the appreciation of 2.14% of Corticeira Amorim’s shares. Each share of the company is worth 9.56 euros. At the same time, Mota-Engil recovered just over 1%, thanks to a new contract to collect waste in Brazil and after the 1.80% drop of the previous session.
Despite the lighter gains, BCP and Jerónimo Martins also helped. The bank led by Miguel Maya closed in the water line (with a gain of 0.11%) and the shares were worth 0.1904 euros. The Pingo Doce retailer, which was subject to an upward revision of the target share price by Barclays, appreciated 0.13% to 15,085 euros per share.