BCP presses the Lisbon Stock Exchange

  • ECO News
  • 6 November 2019

The bank's shares fell by more than 1% and affected the performance of the Portuguese stock market.

BCP pressured the national stock exchange, with the bank’s shares showing the first loss in five sessions. Lisbon closed in a slight decline, in contrast with the main European indices.

The PSI-20, the main Portuguese index, retreated 0.14% to 5,227.07 points, with nine listed on negative ground. Highlight for the BCP, whose shares fell 1.23% to 0.2086 euros. It was the first fall since the session on Thursday. And it happened on the eve of the bank’s presentation of accounts for the third quarter.

Beneath the red line, Mota Engil, whose shares fell 2.6% to 2,0240 euros, is also worthy of note. On the other hand, the telecommunications operator closed us down 1.60% to 5,2250 euros, on the day they presented the financial results for the first nine months of this year. Nos’ profits increased 10.4% up to September, as a result of the growth of the telecommunications business and the recovery of cinema and audiovisuals.

At a time when investors are looking at company accounts, avoiding the worst losses on the Lisbon stock market is energy. EDP Renováveis increases 1.38% to 10,3000 euros, with a total of 0.67% to 3,7340 euros. Galp advanced 0.14% to 14,8000.