Lisbon Stock Exchange starts in the red with Greenvolt down almost 5% – Bolsa

The Lisbon stock exchange started the session in negative territory, in line with the main European markets. The national benchmark PSI index dropped 0.22% to 6,066.06 points. Of the 15 listed companies that make up the national benchmark, seven trade in the red, another seven started the day in the green and one remains unchanged.

Greenvolt commands the losses, down 4.84% to 6.88 euros. This move comes after this Monday after the session, the company led by Manso Neto announced that it had reached an agreement to enter the Icelandic renewable energy market, through its subsidiary V-Ridium.

The deal includes the purchase of a project for the development of a wind farm that will have an installed capacity of 90 MW.

Energy is accompanied by another pair in the sector, Galp, which fell 1.19% to 11.18 euros, on a day when oil lost more than 1% on the international market. The podium of losses is completed by BCP which drops 1.06% to 0.177 euros.

Still in the energy sector, EDP Renováveis ​​depreciates 0.22% to 22.26 euros, while the parent company trades on the water line (-0.04%) to 4.69 euros. REN bucks the trend and rises 0.68% to 2.98 euros.

Among retailers, the session started in a mixed way: Jerónimo Martins rose 0.37% to 18.80 euros, while Sonae slipped 0.58% to 1.03 euros.

On the earnings side, the highlight is Navigator, which grew 1.83% to 4.23 euros, after having presented the results for the first quarter after this Monday’s session. The company achieved profits of 50.6 million euros in the first quarter of this year, which is equivalent to an increase of 115.2% compared to the same period in 2021.

In the remaining paper sector, Altri trades on the water line (0.09%) for 5.62 euros and Semapa remains unchanged at 14.68 euros.

(News updated at 8:24)