Lisbon Stock Market Slides Amidst European Gains

The Lisbon stock market concluded Wednesday’s session in negative territory, bucking the trend of modest advances across major European markets. Several key players experienced downturns, while some managed to hold steady or even gain slightly.

Market Performance Overview

The Portuguese stock index, the PSI, dipped 0.18% to close at 7,434.12 points. Seven listed companies saw gains, seven declined, and Amorim’s cortice remained unchanged. BCP, a significant index component, faced a setback due to its dividend status.

BCP’s shares fell by 2.95%, settling at €0.6522. Without accounting for the dividend effect, the stock would have actually risen by 1.51%. Altri saw a 1% decrease, trading at €4.94, while REN and SEMAPA also lost ground, dropping 0.49% to €3.02 and €16.16, respectively.

Positive Influences

EDP and Jerónimo Martins, both major players, helped to mitigate the PSI’s losses. EDP increased by 0.94% to €3.657, and the owner of Pingo Doce rose 0.85% to €21.36.

Other Notable Movements

EDP Renewables improved by 0.31%, reaching €9.61, and Galp edged up 0.06% to €15.91. Galp had recently secured a concession with Petrobras for exploration in Brazil, as announced the previous day.

Overall, the day presented a mixed bag, with some companies navigating successfully against the prevailing downward pressure. Despite the challenges, positive news from key companies offered some counterbalance.