CTT shares dragged by investor risk-aversion despite solid Q4

Sonae SGPS SA

19/03/2026 10:01

** Shares of Portugal's postal service CTT Correios de Portugal CTT.LS drop around 10%, with an analyst pointing to cautious investor sentiment in the logistics sector due to the Middle East war

** CTT, which reported "strong" Q4 results on Wednesday, falls against a market backdrop of heightened risk aversion and uncertainty over the impact of the widening conflict on energy prices and logistics networks, says João Queiroz, head of trading of Banco Carregosa

** Queiroz adds the share move is also linked to a correction in the retail sector, where Jeronimo Martins JMT.LS and Sonae YSO.LS fall after their Q4 results

** The CTT shares are on track for their worst trading day since May 2025, and are down around 19% YTD

(Reporting by Tiago Brandao)

((Tiago.Brandao@thomsonreuters.com;))