Galp, BCP and Jerónimo Martins boost the national stock market. bike climbing 9%
PSI ended up making gains, mainly driven by energy companies BCP and Jerónimo Martins, as owner Pingo Doce set a new historic high. Mota-Engil is up nearly 9%.
The national stock market closed higher, supported by the good performance of most of the heavyweights.
In the rest of Europe, the trend was mixed, with lows and highs proving to be of little significance. The automotive, banking, and oil and gas sectors were the most consolidating gains, while the telecommunications and real estate sectors limited the indices’ rise.
Here, the PSI ended up gaining 0.62%, to 5,953.65 points, with 11 points in green, four in red and one unchanged.
Energy gave some gas to the national benchmark, with focus on Galp which added 0.42% to 10.66 euros, in a session in which the European oil sector was on the rise.
EDP also performed positively, jumping 0.54% to €4.636, and the renewable energies subsidiary posted a slight increase of 0.05% to €189.20.
In the same sector, Greenvolt crashed, dropping 1.03% to 6.23 euros, while REN remained unchanged at 2.54 euros.
Among the other highlights of the day, on the positive side, there was also Jeronimo Martins. Pingo Doce owner ended up rising 1.33% to €24.34 – at a new historic high.
BCP was another listed company that boosted the Lisbon market, advancing 0.62% to 21.11 cents.
The biggest rally today was by Mota-Engil, as the construction company closed the session up 8.88% to €2.145. This after yesterday after it was announced, In a statement to CMVMwhich signed contracts in Latin America worth 890 million euros.
In the paper sector, the trend was mixed. Simaba shares fell 0.15% to 13.44 euros, while Navigator added 0.81% to 3.244 euros and Altri recorded a 2.11% increase to 4.064 euros.
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