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HomeEconomyLisbon closes in the green with Navigator in the spotlight - Bolsa

Lisbon closes in the green with Navigator in the spotlight – Bolsa

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The Portuguese stock exchange led gains among major markets in Western Europe on a day when only four of the 16 included in the main national index suffered a decline.

The PSI advanced 0.76% to 5,933.75 points, with Lisbon being the best performing market in Western Europe. Of the 16 listed on the main national index, only four closed in the red, while another 12 ended the session higher.

Navigator led the gains, increasing by 2.31% to €3,184.

Strengthening the index was, above all, the BCP, which rose by 1.73% to 0.2122 euros, and the EDP Renováveis, with a rise of 1.44%, to 19.38 euros. The bank, led by Miguel Maia, accompanied the positive day in the European banking sector, as the sector rose by more than 1%.

Jerónimo Martins also helped PSI gain 1.09% to €24.02, staying close to the historic highs reached last weekend.

We also notice an increase of 0.8% in the EDP, which closed at 4,673 EUR.

On the downside, Sonae lost 0.96%, to €0.927, on the day it announced a partnership through a subsidiary to create a giant perfume, cosmetics and pharmaceuticals company in Spain.

Also closing in the red were Nos, which fell by 0.4% to €3,468, CTT, which fell by 0.3%, to €3,35, and Galp, which fell by 0.1%, to close at €10,495.

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