By Andrea Hargraves 
PSI with the largest series of declines since January 19th. Only Jerónimo Martins closed higher
PSI ended up losing out, following Rest of Europe. This is the fifth session down and first negative weekly balance in the past month. The BCP was the stake that put the most pressure on it.
The National Stock Exchange closed its doors for the fifth consecutive session under pressure from China’s central bank, Galeb and EDP Group. Since January 19th, PSI has not recorded such a long cycle of decline.
In the rest of Europe, the trend was also downward. The most stressed sectors were banking, technology, oil and gas, and real estate. Almost all traded industries lost ground, except for small gains seen in the telecoms, media, food and chemical sectors.
Here, the PSI ended down 1.30% to 5,868.72 points, at the lowest point on June 1, with 15 points in red and one in green. Thus, the national benchmark index closes the week with a negative balance – which has not happened in a month – and also records the largest decline since the end of May.
BCP was the most punishing address for the Lisbon market, losing 3.55% to 20.9 cents per share. It was the biggest drop since mid-May – and this was on a day when the banking sector was one of the hardest hit in Europe, with a total drop of around 1.3%.
In the energy sector, Galp had the worst performance, in a session when oil prices continued to drop more than 1%. The oil company, led by Philippe Silva, closed down 1.77% at €10.54.
On the other hand, EDP decreased by 0.99% to 4.485 euros, while the renewable energy subsidiary recorded a decrease of 2.01% to 18.725 euros.
Still in the same sector, REN fell 0.60% to €2.48, and Greenvolt fell 2.35% to €6.24.
Jerónimo Martins was the only listed company to close in the green. The retailer that owns Pingo Doce advanced 0.56% to €25.26.