EDP's capital increase does not encourage investors. PSI-20 ends in 'red'

The PSI-20 closes today's session to devalue 0,25% to 4.362,62 points to EDP's ride, which devalues ​​0,73% after completing the capital increase that will finance the purchase of the Spanish company Viesgo.


The main Portuguese stock index ended Friday's session on negative ground driven by EDP, on a day when energy completed a 1,02 billion capital increase, with demand for 256% of the offer. Thus, the PSI-20 closes today's session to devalue 0,25% to 4.367,31 points, contrary to the main European markets.

EDP, which started this morning on a high, closes to lose 0,73% to 4,36 euros. António Mexia's company announced this Friday that the 1,02 billion capital increase, launched to help finance the purchase of the Spanish company Viesgo, was fully subscribed, with total demand representing 256% of the offer.

Embarking on the same negative trend continues Galp (-1,70% to 5,24 euros), Ibersol (-1,13% to 5,24 euros), Pharol (-1,21% to 0,1140 cents ) and Nos (- 1,14% to 3,65 euros).

To counteract the low tide, Corticeira Amorim emerges, valuing 3,61% to 10,32 euros, alongside EDP Renováveis, which rose 0,72% to 14,00 euros and CTT (+ 0,60% to 2,52, XNUMX euros).

“On the macroeconomic level, it was revealed that German industrial production increased more than expected in June,” writes the analyst at Millenium Investment Banking.

In the old continent, only the Spanish stock exchange also closed in negative territory, devaluing 0,11% to 6,951 points. The rest - Ftsee100, DAX, EuroStx50 and CAC40 - ended the session with slight gains - 0,87% to 6,032, 0,66% to 12,675, 0,38% to 3,253 and 0,09% to 4,890 points, respectively.

"Already in China, exports and imports showed different performances, with exports growing unexpectedly and imports contracting surprisingly in July. The North American economy was also in focus after the data released showed that the country generated more jobs than expected in July. The escalation of tensions between the U.S. and China marked today's session, after the US President signed executive orders banning U.S. residents from doing business with the TikTok and WeChat apps, taking effect in about 45 days. ”, Concludes Ramiro Loureiro.

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