Lisbon follows losses in Europe. Impresa falls 5%

  • ECO News
  • 29 October 2019

The national index fell 0.43% and Impresa eliminated the gains of the previous session.

The European stock markets closed downwards and the Portuguese stock market followed the trend. Most of the listed companies closed in negative territory, with special emphasis on the energy and media sectors, which put pressure on the Lisbon stock exchange.  PSI-20 closed with a setback of 0,43% and to quote at 5 084,66 points.

EDP Renováveis was the company that most contributed to this poor performance. The securities fell 1.82% and are worth 9.73 euros, a negative trend followed by the parent company, the EDP group. The electricity company led by António Mexia lost 0.55% to 3.592 euros, in a session in which Galp Energia slipped 0.27% to 14.55 euros per share.

Outside the main index, Impresa also stood out for the negative. The securities of the owner of the television network SIC reacted to the results presented by the company and eliminated most of the gains got in the previous session, having retreated 4.98% to 24.80 cents, even with the news that the group more than doubled the profits in the first nine months of the year.

In contrast, the banking and postal sectors prevented a higher devaluation in the Lisbon stock market. BCP gained 0.20% to 20.28 cents each, while CTT recorded the best performance of the session, with a 0.45% increase in the value of the company’s shares, which quoted at 2.676 euros.