PSI 20 penalized for Galp's losses at the start of the session

The PSI 20 also follows the trend of the main European counterparts, at a time when the number of people infected with the new coronavirus continues to increase in Europe.

Stringer / Reuters

The main Portuguese stock index (PSI 20) started this Monday to lose 0,84%, to 4.104,53 points, in line with the main European counterparts.

The Portuguese stock exchange is penalized for the failures of twelve listed companies, with five trading high and one unchanged. Galp Energia is the main responsible for the fall of the PSI 20, having started to fall 2,63% to 7,93 euros.

The energy company presented, before the start of the session, a loss of 23 million euros in the third quarter of the year, a figure that contrasts with the 101 million profits recorded in the same period of 2019. Even so, the loss amount recorded a recovery compared to the second quarter of the year, in which the loss was 52 million euros. The result is not pleasing investors.

Still in the energy sector, EDP Renováveis ​​(-1,98%) and EDP (-0,94%) also negotiate on negative ground this morning, alongside BCP (-1,81%)

EDP ​​Renováveis ​​reduced 1,98% to 15,84 euros, right after Galp. The list follows BCP, which relieves 1,81% to 7,68 cents. Os also also lost more than 1% - 1,14% to 3,11 euros - and EDP is positioned close to this threshold, falling 0,94% to 4,34 euros.

The PSI 20 also follows the trend of the main European counterparts, at a time when the number of people infected with the new coronavirus continues to increase in Europe. In Spain, the government has already applied new restrictions and advanced to a new state of emergency, which will last until May 2021.

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