The Lisbon Stock Exchange ended the session at the top of the European green tide, with the most impressive gains in the block.
PSI ended the day up 1.61% to 5,834.03 points. Altri led the gains, climbing 9.94% to €5.36 after rising more than 13% during the session to break April 2019 highs.
The paper mill benefited from an increase in the “target” of Greenvolt, a company partially owned by Altri, on JB Capital Markets from 7.2 euros to 8 euros. The renewable energy company led by Manso Neto also reacted sharply to the change, raising prices by 4.74% to 6.85 euros.
The company, headed by Soares de Pina, was also helped by the fact that the shares of the paper company went on ex-dividend on Tuesday, which “attracted investors who wanted to receive shares [da Altri] without budget implications,” explained Stephen Santos, analyst at Banco de Investimento Global (BiG).
“Those who bought so far were entitled to receive dividends, but this is income subject to taxation (tax impact),” justifies the specialist contacted by Negosios.
The paper maker was followed by BCP, which ended the session up 6.91% to €0.1640 after the bank, led by Miguel Maia, posted a post-session Monday profit of €113 million in the first quarter, up 95% more than during the same period. period last year.
The bank is also monitoring the sector in Europe, taking advantage of the expectations of interest rate hikes in the eurozone as early as July.
Still among paper producers, Semapa closed the day up 2.61% to EUR 14.16, while Navigator rose 2.50% to EUR 4.09.
In retail, the session ended mixed, with Jerónimo Martins adding 0.11% to €18.81 and Sonae adding 1.85% to €1.02.
In turn, in the energy sector, Galp followed the growth of oil in the international market and rose by 2.29% to 10.70 euros, while EDP added 0.76% to 4.48 euros, and renewables shares rose by 1.12% up to 20.74 euros.
In terms of losses, REN led the table, falling 4.59% to 2.81 euros, as the energy company began discounting dividends on Tuesday. The company will pay a dividend of €0.154 on 19 May.
(news updated at 16:54 with quotes)
