Banking shares pull Lisbon stocks down more than 3.0%
Lisbon (AFP) - Portuguese banking shares fell sharply during trading on Thursday, pulling the overall Lisbon stock index down more than 3.0 percent on renewed concern about the eurozone economy, traders said.
In mid-day trading, the main PSI 20 stock index was down 3.14 percent to 5,034.22 points, as banking shares in Greece also slumped.
Shares in BCP bank, the only Portuguese bank to fail eurozone stress tests on Sunday, tumbled 5.75 percent to 0.086 euros.
Meanwhile shares in rival BPI bank slid 3.37 percent to 1.49 euros.
Shares in retailer Jeronimo Martins lost 7.20 percent to 7.39 euros after the company announced on Wednesday a 20.0-percent slump in third-quarter net profit.
