National Stock Exchange lost more than 1% down by heavy losses in banking – Jornal de Negócios – Portugal

The PSI-20 ended the stock market session on Tuesday, March 29, to yield 1.03% to 5045.61 points, with nine listed to trade falling and the remaining nine high. In this third consecutive day in which traded in negative territory, the national stock exchange bucked the sentiment recorded by most major European markets.

contribute more overwhelmingly for the losses of national stock exchange was the performance of the domestic financial sector. The BCP was even quoted that most penalized, while sliding 6.78% to 0.0399 euros, this after the bank led by Nuno Amado has proposed the merger of 193 shares for one.

Also the press was BPI, which fell 6.74% to 1.204 euros, already after arriving after negotiations between the Angolan businesswoman Isabel dos Santos and Spain’s CaixaBank.

In a session that came to fall more than 9%, BCP recorded the largest daily decline since February 3, at a time when the institution may be about to open door to new investors. Already on Tuesday, the Haitong said that the target price for the BCP shares on completion of the merger of shares will be 19.30 euros.

you BPI also recorded the largest daily decline since last February 3, that a session that reached to devalue 7.82%, at a time when analysts consider that a any agreement to reduce the bank’s exposure led by Fernando Ulrich to Angola is in the hands of Isabel dos Santos.

Also contributing to the negative performance of Lisbon’s purse were CTT which fell 1 24% for 8,216 euros.

Mixed Feeling was recorded in the energy sector. While EDPR depreciated 0.52% to 6.693 euros, EDP gained 0.65% to 3,083 euros, asserting itself as one of the listed that contributed most to prevent a sharper depreciation of the national stock exchange.

For its part, Galp Energia rose 0.09% to 10.95 euros, despite the sharp decline of oil price in international markets. In London, North Sea Brent, which is used as a benchmark for national imports, following this time to fall 3.4% to $ 38.90 per barrel. This behavior there is still before being released data on crude oil reserves of the United States, which should have increased further.

Jerónimo Martins was even quoted that contributed most to prevent a more marked fall PSI-20, with the retailer to add 1.07% to 14.155 euros. Also in high Sonae was to gain 0.49% to 1.033 euros.

(News updated 16:53)