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PSI-20 ended the day losing 0.51% at 4,836.18 points, with 11 stocks down, 4 up and 3 unchanged. Among European counterparts, the trend is also expected to be narrowing, in most cases, during a session during which investors are worried about the US-China trade war.
US President Donald Trump has again threatened to impose tariffs on all Chinese products and to raise existing rates from 10% to 25%. These threats were made Monday, a few days before the meeting with Chinese President Xi Jinping in the G-20.
The paper sector was penalized by the paper sector, Navigator down 2.59% to 3,604 euros, Semapa down 2.53% to 13.86 euros and Altri 2.68% to 6 , 53% euros
Galp Energia also depreciated 1.06% to 14,405 euros, while the price of oil rose again. Brent crude, traded in London and the benchmark in Portugal, rose 0.1% to $ 60.54, recovering some of the losses in recent weeks. This meeting is pending a meeting of the Organization of the Petroleum Exporting Countries (OPEC) scheduled for Dec. 6 to determine whether an agreement will be reached to reduce production or not.
On the other side, Mota-Engil, which jumped more than 11%, in the first session after revealing that the issuance of bonds Mota-Engil 2018/2023 had a demand greater than twice the initial value . The company successfully completed the bond issue of 110 million euros, with a demand of 140 million euros.
BCP also closed BCP, gaining 0.29% to 0.2409 euros, as well as the EDP group, the electricity company selling 0.23% to 3.07 euros and EDP Renováveis down 0.20% to 7.61 euros.
In retail, Jerónimo Martins sold 0.57% to 10.54 euros, while Sonae SGPS rose 0.54% to 0.845 euros.
(News updated at 4:45 pm with more information)
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