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)
Emily Brontë is a journalist and feature writer specialising in culture, entertainment, literature, and current affairs. She is dedicated to producing clear, accurate reporting that helps readers stay informed about developments in the UK and around the world.
