The PSI-20 index ended the last session of the week down 2.28% to 5,063.87 points, ahead of losses among its peers on the European continent, on a day when investors moved away from riskier assets, still digesting the possibility of withdrawing stimulus through the US Federal Reserve.
Here, the day ended with practically all companies listed in the “red” (15), with two more companies – Ramada (+ 1.02%) and Novabase (+ 1.45%) trading in a counter-cycle.
The biggest loss of the day was recorded by Banco Comercial Português, which fell by 3.84% to 14.51 cents per share, correcting the gains recorded in the past two months.
a The bank led by Miguel Maya raised to more than 30% the rally recorded since its lowest levels in April. However, BCP was also the listed company that fell the most this week, losing about 7%.
a The prospect of a faster rate hike in the US triggered the first negative reaction in the stock markets, on Wednesday and yesterday’s session. The exception was the financial sector, which hailed the news of a return to positive interest rates. The banking sector in Europe advanced by 0.4%, to counteract the prevailing pessimism in the markets. Today it corrected and lost 2.85%.
Today, the falls of EDP Renováveis (-3.19%) and EDP (-2.29%), as well as Galp (-3.11%) and Sonae (-2.77%) stand out.
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