Markets in the red

 In Markets, News

Portuguese companies saw their shares trade in the red on Monday as concerns rose that Russia could invade Ukraine by Wednesday.

The PSI-20 (Lisbon stock market) lost almost 2% while the bank Millennium bcp saw 5% wiped off the price of shares.
The PSI-20 mirrored falling stock prices across Europe as tensions continue to increase along the Ukraine border.
The PSI-20 lost 1.87% in value to 5,486,36 points, with all companies trailing in the red. Most of Europe’s markets saw falls of 2%.
Millennium bcp led the fall with its shares falling 5% to 0.1823. It had enjoyed eight consecutive gains in the nine previous sessions.
From the other listed companies, Grupo EDP’s EDPR lost 2.75% to €16.63 per share, while EDP LOST 2.25% to €3.99.
The oil and gas company Galp Energy also lost ground on the PSI-20 despite rising oil prices. The company lost 1.39% in value to €9.92.
The post office company CTT was also pummelled with shares falling €4.34% to €4.735.
Companies that lost over 3% in share value included Cofina, Mota-Engil, and Navigator.