Lusa - Business News - Portugal: Stock market opens lower with Mota-Engil falling more than 2.5%

STATUTES

GENERAL ASSEMBLY

SECRETARY GENERAL

CONTACTS

MedNEWS

HOME

	Lusa - Business News - Guinea-Bissau: President invites press to visit as guests of honour Lisbon, May 2, 2024 (Lusa) - The presidency of Guinea-Bissau on Thursday invited Portuguese journalists who want to ‘really get to know, learn about...
	Lusa - Business News - Mozambique: Funding no reason not to restart gas projects - president Maputo, May.2,2024(Lusa)- The president of Mozambique said on Thursday that the resumption of natural gas megaprojects is ‘fundamental’ given the ‘promising stability’ in Cabo Delgado,...
	Lusa - Business News - Portugal: Azores government cancels privatisation of regional airline Angra do Heroísmo, Portugal, May 2,2024(Lusa)- The government of the Azores has cancelled the privatisation tender for Azores Airlines and will launch a new one....
	Lusa - Business News - Portugal: Government doubles income tax consignment from 0.5% to 1% Lisbon, May.2,2024(Lusa)-The government approved on Thursday in cabinet an increase in the limit of the personal income tax consignment from 0.5% to 1% for entities...
	Lusa - Business News - Portugal: Far-right backs Socialist bill to eliminate electronic tolls Lisbon, May 2, 2024 (Lusa) - Far-right party Chega will vote in favour of the Socialist Party proposal to eliminate electronic tolls on motorways, ...
	Lusa - Business News - Portugal: Gentrification in Lisbon is worry but normal - minister Lisbon, May 2, 2024 (Lusa) - Portugal's minister for housing and infrastructure said on Thursday that gentrification in Lisbon is worrying but normal, ...
	Lusa - Business News - Mozambique: Insecurity in Cabo Delgado is ruby miner's main challenge - official Maputo,May 2,2024(Lusa)-Montepuez Ruby Mining (MRM), which mines rubies in northern Mozambique, on Thursday pointed to insecurity in Cabo Delgado as one of the main challenges...
	Lusa - Business News - Portugal: Local businesses want Azores Airlines privatisation halted, re-done Ponta Delgada, Azores, Portugal, May.2,2024(Lusa)- The Chamber of Commerce and Industry of Ponta Delgada (CCIPD), in the Azores, on Thursday called for the immediate interruption...
	Lusa - Business News - Portugal: Stock market trading higher on Thursday morning Lisbon,May.2,2024(Lusa)-The Lisbon stock market was trading higher on Thursday morning, with CTT and EDP shares up 2.38 % to €4.52 and 2.30 % to €3.61,...
	Lusa - Business News - Portugal: March unemployment rate at 6.5%, 0.3% lower YoY - INE Lisbon, May 2, 2024 (Lusa) - Portugal's unemployment rate was 6.5 % in March, down 0.3 percentage points year-on-year and 0.1 percentage points on February,...
	Lusa - Business News - Angola: Public debt in dollars up 11% in 2023 to record $80.6B, at 88% of GDP Luanda, May.2,2024(Lusa)- Angola's stock of public debt as expressed in dollars increased by around 11.46% in 2023, reaching a record of $80.61 billion (€75.46 billion),...
	Lusa - Business News - Angola: Banking sector profits soar 83% in 2023 on revenues up 43% - BNA Luanda, May.2,2024(Lusa) - Angola's banking sector last year had combined revenues of around 1.83 trillion kwanzas (20.5 billion) in 2023, a year-on-year increase of 43%,...
	Lusa - Business News - Angola: Portugal, Brazil destinations for over 75% of $89M in remittances abroad Luanda, May 2, 2024 (Lusa) - More than 75% of the money sent abroad from Angola last year, totalling more than $89 million (€83 million),...
	Lusa - Business News - Portugal: EDP Renováveis, Engie JV to build offshore wind farm in Australia Lisbon,May.2,2024(Lusa)- Ocean Winds, a joint venture between Portugal's EDP Renováveis and France's Engie, is to develop an offshore wind farm off the coast at Gippsland,...
	Lusa - Business News - Portugal: OECD upgrades 2024 growth forecast to 1.6%, sees inflation of 2.4% Paris, May 2, 2024 (Lusa) - The Organisation for Economic Co-operation and Development (OECD) has upgraded its forecasts for Portugal's economy and inflation rate, ...
	Lusa - Business News - Portugal: Novo Banco Q1 profit up 22% YoY to €181M as commercial product up 19% Lisbon, May.2,2024(Lusa) - Novo Banco, one of Portugal's largest banks, had a first-quarter profit of €180.7 million, up 21.8% on the same period last year,...
	Lusa - Business News - Macau: Casino operator MGM China sees record €299M Q1 earnings Macau, China, May.2,2024(Lusa) - Macau casino operator MGM China on Thursday announced ‘record results’ for the first quarter of 2024, with profits up 77.3% year-on-year....
	Lusa - Business News - Timor-Leste: Timor Gap, Timor Resources ink deal to end contract dispute Díli, May 2, 2024 (Lusa) - The Timorese state oil company Timor Gap and Timor Resources, a private Australian company, signed an agreement on Thursday...
	CNA - رئيسة التمثيلية الأوروبية: سنواصل دعم جهود التوصل إلى حل للمشكلة القبرصية صرحت رئيسة الممثلية الأوروبية في قبرص ميرتو زامبارتا ومكتب البرلمان الأوروبي في قبرص أندرياس كيتيس لوكالة الأنباء القبرصية بأن الاتحاد الأوروبي دعم وسيواصل دعم الجهود المبذولة من أجل التوصل إلى حل للمشكلة القبرصية. ...
	Lusa - Business News - Portugal: Director Francisca Siza wins awards for documentary on Mexican women Lisbon, May 2,2024 (Lusa) - The documentary about the women involved in the production of mezcal, Mexico's traditional alcoholic drink, by Portuguese director Francisca Siza,...
	Lusa - Business News - Mozambique: Author against reparations for colonial era made out of 'guilt’ Maputo, May.2,2024(Lusa)- Mozambican writer Mia Couto argued on Thursday that the debt of African countries could be one of the aspects of an eventual process...
	CNA - الرئيس خريستوذوليديس ورئيسة المفوضية الأوروبية إلى بيروت لمناقشة قضية الهجرة يجري رئيس الجمهورية نيكوس خريستوذوليديس زيارة إلى لبنان اليوم الخميس برفقة رئيسة المفوضية الأوروبية أورسولا فون دير لاين، لمناقشة سبل تقديم الدعم السياسي والمالي للبلاد والإدارة الفعالة لقضية الهجرة. ...
	Lusa - Business News - Portugal: Union leader calls for 'break' from economic model at May Day rally Lisbon,1 May 2024(Lusa)- The general secretary of Portugal's largest trade union federation, the CGTP, said on Wednesday that Portugal has "a government of economic groups"...
	Lusa - Business News - Portugal: Top newspaper headlines on Thursday, 2 May Lisbon,May2,2024(Lusa)- 1st May declarations by trade union leaders, the death of American author Paul Auster and the pro-Gaza demonstrations at US universities dominate the headlines...

Lusa - Business News - Portugal: Stock market opens lower with Mota-Engil falling more than 2.5%

Lisbon, April 19, 2024 (Lusa) - The Lisbon stock market was trading lower on Friday, with Mota-Engil shares falling 2.57% to €4.17.
At around 09:20 in Lisbon, the PSI was down 0.45% to 6,299.15 points, with 10 shares falling, three rising, and three remaining unchanged (Greenvolt at €8.31, Ibersol at €7.00 and REN at €2.20).
Mota-Engil's shares were followed by those of BCP, CTT and Sonae, which fell 1.91% to €0.31, 1.77% to €4.45 and 0.78% to €0.90.
Shares in NOS, Corticeira Amorim and Altri fell 0.69% to €3.61, 1.77% to €4.45 and 0.78% to €0.90.
Altri and Jerónimo Martins shares both fell 0.28% to €4.92 and €17.86 and the other two shares that fell were Semapa and EDP, which fell 0.26% to €15.12 and 0.16% to €3.64.
Conversely, shares in Navigator, EDP Renováveis, and Galp rose 1.47% to €4.01, 0.15% to €12.99, and 0.06% to €16.10.
The main European stock markets were down today, pending Israel's attack on Iran, whose army has signalled that it will not respond.
The escalation of tensions in the Middle East led to a sharp rise in the price of oil, which, in the case of Brent, came close to $91 at the start of the morning, although at the opening, it softened its rise to $88.15, with a revaluation of 1.15%.
Analysts at Renta4, quoted by Efe, explain that some media have described Israel's attack on Iran as "symbolic," which limits the initial reaction of the markets since crude oil has moderated its rises (it's up more than 4%), as has gold, which is up more than 2% this morning.
At this hour, gold, one of the assets considered a safe Porto in times of uncertainty, is up 0.48% to $2,390.10.
Futures for the main Wall Street indicators are down moderately today, between 0.48% on the Dow Jones and 0.70% on the Nasdaq, the most important technology index.
Analysts at Link Securities, also quoted by Efe, explained that today, investors will have to "process" the consequences that Israel's retaliatory strike this morning against several Iranian military targets, both in Iran and in Syria and Iraq, could have for stability in the region since it opens the door to a frontal war between the two powers.
"If this is the case, it could have consequences for the world economy through an increase in the price of oil, an inflationary factor that would condition the actions of central banks, which would find themselves in the position of having to keep their interest rates at restrictive levels, with the consequent impact on world economic growth."
In terms of exchange rates, the euro opened weaker on the Frankfurt exchange market, at $1.0645, compared to $1.0653 in the previous session.
MC/ADB // ADB.
Lusa

Agency : LUSA
Date : 2024-04-20 10:17:00

Back