The Lisbon Stock Exchange started the week trading in negative territory, with the PSI following declines in Europe, at a time when the deteriorating epidemiological situation in China pushed stock markets into the red.
The PSI-20 fell 1% to 5,941.30 points, with 14 stocks and 1 share (REN) declining unchanged. Among the stock exchanges of the Old Continent, the declines were more expressive, with exchanges such as Paris and Amsterdam showing losses of 2%.
Putting pressure on sentiment is the worsening epidemic in China, a situation the country is still unable to control and which is perpetuating new fears of a slowdown in the global economy.
Here, Galp is the most compelling title. The oil company’s share fell 3 percent to 10.99 euros, affected by the decline in oil prices in global markets. London-traded Brent crude fell nearly 4% to $102.63 a barrel.
Also in decline follows BCP. The bank led by Miguel Maya fell 1.63% to €0.1632, on a morning in which the European Banking Index lost nearly 2%.
Among the retailers, Jerónimo Martins fell 0.3% to 20.14 euros, while Sonae fell 1.37% to 1,007 euros.
Despite the negative start, the shares of EDP Group have reversed the opening trend and are now continuing to rise. EDP Renováveis earns 2.04% to €23.03, while the electric company adds 0.32% to €4.63.
(Updated at 08:17 with more information)
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