The Lisbon Stock Exchange closed 1.29% higher at 5530.67 points. Of the 19 companies listed on the main Portuguese index, 14 ended in positive trades and five closed down.
Once again, BCP took the lead in earnings, ending the session with a gain of 5.49%, to 0.1709 euros per share, the highest value since before the start of the pandemic. It is necessary to go back to February 27, 2020 to find a higher closing value.
Although yesterday suffered a small setback, the bank led by Miguel Maya has been on a bullish path for several weeks. Since September 20, it has valued more than 38% and Analysts believe That these gains will continue, in line with the entire banking sector, which at the European level has been one of the best performing sectors. In addition to BCP, all the so-called heavyweights on the stock exchange had a good day and ended trading with gains. Galp Energia is up 1.27%, Jerónimo Martins is up 1.49%, and in relation to the EDP Group, Renováveis is up 1.65% and the parent company is up 0.49%.
Portuguese investors’ optimism extended to the rest of Europe, which ended trading in green. The main indices of all countries posted gains and the Stoxx 600 index, which includes the largest European companies, closed 1.60% higher, led by the auto and natural resources sectors.
(News updated with more information)
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