The Lisbon Stock Exchange closed high, extending the positive sentiment it has experienced in recent sessions. The PSI-20 index added 0.4% to 5,530.68 points – the highest value since August 13, 2018, that is, a maximum of more than three years. BCP was again the star, overwhelmed by the success of European banking.
The bank, led by Miguel Maia, posted a series of near-consecutive returns over two weeks, with a value of more than 3.1% on Tuesday. 0.1661 euro per share, stimulated by the sector, which also rose 3.3%. During this period, BCP has increased by 35% and now each title is close to the 0.17 € played in May this year.
At the same time, retail trade also showed positive dynamics in the session. Sonae even peaked in daily prices in December 2019. As a result, it closed at 2.78% to 0.9415 euro, while competitor Jeronimo Martins rose 1.43% to 18,035 euros per share. CTT, Nos, Novabase and Pharol were also rated.
In the opposite direction, the energy is penalized. EDP fell 0.18% to € 4.52, Renováveis’s EDP fell 1.14% to € 20.84 and Greenvolt fell 0.85% to € 5.82. In the oil sector, Galp Energia shares lost 0.73% to € 10 as a result of a correction despite rising commodity prices on international markets.
Even so, the Ramada had the biggest loss, falling 1.36%, while the Altri lost 1.23%. Cortiseira Amorim, Navigator, REN, Mota-Engil and Semapa also ended up on the red side.
Despite the positive results, Lisbon lagged behind strong gains in Europe. The Stoxx 600 was up 1.19% and, along with the banking sector, technology also helped, registering more than 2% growth. Germany’s DAX rose 1%, France’s CAC 40 gained 1.52%, Spain’s IBEX 35 gained 1.45%, and Italy’s FTSE MIB surged 1.85%.
(News updated at 17:00)
