Lisbon stock market sharply lower, with EDP Renováveis down 3.61%
The Lisbon stock exchange was at a sharp drop, with 17 of the 19 shares on the PSI20 falling led by EDP Renováveis, which fell by 3.61% to 20.82 euros.
At around 8:55 am in Lisbon, the main stock market index, the PSI20, dropped 2.20% to 5,320.42 points, with 17 ‘stocks’ going down and two keeping the price (Novabase at 5.20 euros and Ramada Investments at 7.40 euros).
The shares of EDP Renováveis were followed by those of BCP, Altri and Mota-Engil, which led to a fall of 3.52% to 0.13 euros, 2.91% to 5.01 euros and 2.90% to 1. 17 euros.
The shares of Pharol, Galp Energia and Corticeira Amorim were also among those that declined the most, namely 2.85% to 0.08 euros, 2.66% to 8.19 euros and 2.58% to 10.58 euros.
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EDP and Navigator dropped 2.11% to 4.64 euros and 1.90% to 3.20 euros.
In the same sense, with losses of more than 1%, CTT and Sonae shares fell by 1.64% to 4.19 euros and to 0.93 euros.
Shares of Greenvolt and NOS also depreciated more than 1%, seize to fall 1.62% to 6.06 euros and 1.48% to 3.34 euros.
In Europe, the main exchanges were trading sharply lower today, due to global fears with the expansion of the Omicron variant, which has already led many European countries to new restrictions, such as the Netherlands, which announced a new confinement.
European stock exchanges opened today following Wall Street’s downtrend, with Brent, Europe’s benchmark oil, down 3% on receipts that new restrictions in Europe will slow growth in demand for ‘black gold’ ‘.
The New York Stock Exchange ended down on Friday, with the Dow Jones falling 1.48% to 35,365.44 points, against the highest since it was created in 1896 of 36,432.22 points recorded on 8 November .
The Nasdaq closed with a devaluation of 0.07% to 15,169.68 points, against the current maximum of 16,057.44 points, verified on November 19th.
At the exchange rate level, the euro opened higher on the Frankfurt exchange market, but trading at $1,1258, against $1,1240 on Friday and $1,1196 on November 24, a low since July 2020, and the current maximum since May 2018 of $1,2300 on January 5th.
Brent crude for February delivery opened lower on the Intercontinental Exchange Futures (ICE) in London, at $71.32, against $73.52 on Friday and $85.65 on October 26 , a maximum since October 2018 (when it rose to $86.43).
Before the appearance of the new variant of covid-19, experts did not exclude that Brent could reach 90 dollars a barrel before the end of the year.