Falls retail leader Sonae, CTT and EDP family led to the Lisbon Stock Exchange falling 0.15% and contrary to the European optimism, driven by higher than expected growth of the Chinese economy and the bet that the ECB proceed with crucial monetary stimulus measures.
“The negative opening of US markets led Europe to lose strength and a reversal of the Portuguese market, subject to some profit taking,” said analyst Fincor, Albino Oliveira, quoted by Reuters.
The shares of leading national retail, Sonae, presenting tomorrow the preliminary sales in 2014, fell 2.29% and the Jerónimo Martins lost 0.05%.
Additional Pressure CTT, which fell 2.38%, and EDP family having Energias de Portugal down 0.41% and the renewable EDP lost 1.11%.
On the other hand, shares of PT SGPS were the highlight, to appreciate 9.02% to 0.665 euros, in a technical recovery movement after the record low set yesterday.
Both the PT SGPS as the Brazilian Hi, where Portuguese is the largest shareholder, have been under pressure in recent sessions, due to the uncertainty surrounding the sale of Portuguese assets of PT Portugal to the Altice.
The Brazilian shares Hi are now gaining 1.3%.
The shareholders of PT SGPS reunification on Thursday at the General Meeting to resolve on this sale.
Analysts and lawyers, the unilateral reversal scenario the merger of PT SGPS with Hi, aiming to block the sale of Portuguese assets of PT Portugal to the Altice has little chance of success because would open the ‘box pandora ‘a hard and expensive process in the courts for many years.
In turn, Galp rose 0.1%.
In high was also the financial sector and the Millennium bcp risen 1.27%, Banif gain 1.67% and BPI valued 3.22%, with European peers.
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