On a day of greater optimism due to a trade agreement between the USA and China, the Lisbon Stock Exchange counteracted Europe's trend.
The Lisbon Stock Exchange posted losses for the third consecutive session, contradicting the positive sentiment recorded in most of Europe’s squares. The main national index was pressured by a fall of over 2.5% in NOS shares, but also by devaluations in the retail and banking sector.
PSI-20 retreated 0,13%, to 5.267,66 points. The securities of NOS lost 2.56% and closed the session worth 5.14 euros, a performance that penalized the national stock exchange.
Jerónimo Martins was also in the spotlight. The previous session marked 30 years since the owner of the Pingo Doce hypermarkets entered the stock exchange, but the company has been down for three sessions. In this session, the company closed the year losing 0.83% to 14.85 euros, at a time when the company has been facing regulatory pressure in its main market: Poland.
The BCP also contributed to the decline of the Lisbon stock market, closing the last session of the week with a fall of 0.38%. The securities of the bank led by Miguel Maya are now worth 20.92 cents.
In a weekend marked by greater optimism around the U.S.-China trade deal signing, the energy and paper sectors ended up preventing greater losses in the PSI-20.
EDP Renováveis advanced 0.79% to 10.20 euros, while Galp Energia rose 0.43% to 15.185 euros. Altri and Navigator recorded the best performance of the index, with gains of 1.93% and 1.74% respectively, helped by major optimism regarding commercial issues.