PSI-20 drops for third day with BCP at an all-time low and Galp at its lowest in 12 years – Bolsa



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The national stock is trading lower this Wednesday, October 28, for the third consecutive session, with the PSI-20 depreciating 1.33% to 3,924.70 points, the lowest level since May 14. Of the 18 companies that make up the main national index, 15 are down, two are up and one is unchanged.

Lisbon also follows the trend of the main European markets, pressed by the covid-19 pandemic, which remains out of control in several countries of the region. Governments are being forced to tighten restrictive measures, such as Germany, which plans to close bars and restaurants for a month, and France, which plans a month in prison.

In this scenario, which threatens the region’s recovery estimates, the benchmark for Europe, the Stoxx600, slips by 0.91% to 349.36 points, the lowest level since mid-June.

In these parts, BCP and Galp are the companies that penalize the PSI-20 the most. The bank led by Miguel Maya drops 3.16% to 7.05 cents, the lowest value ever, while Galp depreciates 3.89% to 7.112 euros, the lowest value since November 2008.

The oil company thus continues to reflect the losses recorded in the third quarter, as well as the decline in oil prices on international markets.

Semapa also follows the lows, slipping by 0.30% to 6.55 euros, the lowest value since 2013.

On positive ground, only Nos and Navigator follow. The operator led by Miguel Almeida advances 0.96% to € 2,940 and Navigator values ​​0.27% to € 1,863, after yesterday disclosing that it recorded a net profit of € 75.2 million in the first nine months of this year, which reveals a decrease of 49% compared to the 147.5 million presented in the same period of 2019.

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