The PSI-20 ended Monday session with a 1.01% gain to 5198.63, building on optimism that was also recorded in the rest of Europe, while investors followed the US Federal Reserve’s decision later. This week.
EDP Renováveis stood out here, climbing 3.41% – the highest since 18 May – to 19.40 euros per share. Consistent with this increase, parent company EDP’s share price stood at 1.77% to € 4,584 per share.
Also in the energy sector, oil company Galp climbed 2.15% to € 9,876 a share on the day that the Angolan government, in an interview with Lusa, believed it would be “All interests” to strengthen the alliance with the Portuguese company.
Angola’s Minister of Mineral Resources, Oil and Gas believes it is “in the interest” to consolidate the alliance with Galp, adding that some projects have not yet been completed due to the “technological and financial” challenges they present.
Diamantino Azevedo spoke about the relationship between the Angolan state oil company Sonangol and Galp Energia, an alliance interested in consolidation.
“The interest in preserving and strengthening this alliance is clear and should never be ignored,” the minister said, rejecting that the synergy between the two companies is underutilized and pointing to the Sonangalp case resulting from a “joint venture” between Galp Energia and Sonangol, which operates a network of petroleum distribution stations in Angola.
Also on the Portuguese market, CTT – Correios de Portugal continues to boom, rising 1.15% to 4.41 euros per share, the highest since 2017.
