BCP and Galp Energia keep falling PSI-20 – Business Journal – Portugal

BCP and Galp Energia keep falling PSI-20 – Business Journal – Portugal

The National Stock Exchange lost more than 0.5%, following the downward trend of European counterparts. The press is Galp Energia, which loses almost 3% and also the BCP, which slides over 1.5%.

The following national exchange to trade in negative territory, with the PSI-20 lost 0.79% to 5850.14 points. Between listed the main Portuguese index only four follow for high – EDP, BPI, Mota-Engil and CTT – while 14 deal with red light

The PSI-20 accompanies the negative trend of the main European indices. pressured by industrial production data in China that signal a slowdown in the world’s second largest economy. The production of Chinese industries grew by 6.9% in August, when estimates pointed to an increase of 8.8%.

In the Old Continent, only the Dutch and German indices evade losses with gains 0.12% and 0.10%, respectively. The benchmark index for Europe, Stoxx600 loses 0.06%.

In sectoral terms, the gas and oil companies are recording the largest declines among 19 industries groups, reflecting pessimism about the Chinese economy, whose slowdown could mean a drop in consumption of these raw materials.

example is Portugal’s Galp Energia, one of the most quoted presses the PSI-20, with a fall of 2 , 78% to 13.115 euros. In the rest of the energy sector, EDPR lost 0.43% to 5.524 euros, REN recoils 0.41% to 2.673 euros and EDP escapes the red, with a slight increase of 0.06% to 3.395 euros.

contribute to the negative trend are also listed in the financial sector, with the exception of BPI, which values ​​1.04% to 1.549 euros. BCP have sliding 1.62% to 0.1092 euros while the Banif falling 2.25% to 0.0087 euros.

identical scenario in telecommunications and retail, with all listed in fall. In telecommunications, the Portugal Telecom retreats 0.29% to 1.72 euros while We lost 0.83% to 4.515 euros. In retail, Sonae depreciates 0.83% to 1.195 euros and Jerónimo Martins falls 0.32% to 9.594 euros after HSBC maintained the target price of the company. The investment bank continues to believe that the Jerónimo Martins will quote us 13 euros in the next 12 months.

In addition to the BPI and EDP also Mota-Engil and CTT deal in high. The construction advances 2.14% to 4.92 euros and CTT rise 1.01% to 7.515 euros.