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The PSI-20 index closed Tuesday’s session dropping 1.83% to 3,977.43 points, representing a low since May this year, on a day when several listed companies renewed lows of more than a year, on a day in which 13 listed companies were traded in “red”.
An example is the Galp oil company, which lost 4.47% to 7,400 euros per share, still reacting to the results released yesterday.
This quota corresponds to the minimum reached in January 2009. The company led by Carlos Gomes da Silva rthe TPL net result was negative for 23 million euros in the third quarter, compared with a positive 101 million euros in the same period last year. Ulisses Pereira, an independent analyst, says the company “continues to show no signs of strength, maintaining a ‘bear market’ that has lasted for more than 2 years”.
In addition to the Portuguese oil company, Navigator also fell to its 2012 lows, bringing a decline of 3.23% to 1,858 euros per share. Today, the paper manufacturer will still present its results for the third quarter of this year.
Analysts at CaixaBank BPI expect a profit of 21 million euros, which represents a decrease of 61% year-over-year but an increase from the 13.4 million positive results recorded in the previous quarter.
In the same sector, Others fell by 4.26% to 3,240 euros per share.
Another stake in PSI-20 to renew historical lows was BCP, which depreciated by 3.19% to 7.28 euros per share.
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