The Lisbon Stock Exchange ended the session with an appreciation of more than 2%, the best among its European peers and the highest growth in Portugal’s index in more than six months. This behavior was determined by the shots of Gulp and BCP.
The PSI-20 index ended Wednesday’s session with a rise of 2.22%, while 16 stocks rose, 2 declined and one remained unchanged. Since March 11, when it rallied 2.31%, PSI-20 has not rallied in such significant gains.
Lisbon followed the positive emotions that dominated negotiations on the Old Continent. The European Stoxx 600 Index is up roughly 1%, with most of the Old Continent’s stock markets trading near this valuation level as investors await the results of the US Federal Reserve meeting and concerns over Evergrande’s financial position eased after the Chinese giant reached an agreement with the bondholder to avoid default.
Here Galp Energia was the star of the session. The oil company’s shares rose 6.01% to € 8,786, the best since November last year, despite government criticism of the Matosinhos oil refinery. Antonio Costa points the finger at Galpa once again about the closure of the Matosinhos refinery in the author’s article. published this wednesday in the Público newspaper. Costa intends to “clarify what he just said and which follows directly from what I said as Prime Minister in May at the Social Summit in Porto.”
Also in the energy sector, the EDP rose 2.65% to 4.65 euros, and the EDP Renováveis rose 0.9% to 22.40 euros.
In the financial sector, the BCP rose 5.32% to € 0.1307 on a day of strong gains in the European sector. The Stoxx 600 Banking Index rose more than 3%.
The session was also profitable for industrial companies. Altri rose 3.42% to 5.445 euros, while Navigator rose 2.49% to 3.05 euros.
Corticeira Amorim and Semapa were revenue exceptions, with companies depreciating 0.69% and 0.34%, respectively.
Outside the PSI-20 index, Martifer shares, which yesterday rose nearly 11% to a seven-year high, were relaxing in response to a new contract in France. The shares fell 3.89% to 0.84 euros.
