The PSI-20 index ended the session on Thursday 0.59% higher at 5015.30 points, marking the third consecutive rise for the national stock market, a record high in line with sentiment recorded among European peers.
Thursday’s session was marked by a new ECB monetary policy meeting, the first since the authority prepared its first strategic review in 18 years. Christine Lagarde, Foundation Leader, Choose To maintain a strong adaptive policy to support the market.
Here, it was telecoms company Nos that focused the attention, with a gain of 2.97% to 3.054 euros per share, in reaction to the results presented yesterday, after the close. According to the company led by Miguel Almeida Profits of 73.9 million euros By June, the results for the first half of 2020 will double.
Looking at only the second quarter, profits fell by 4.4% year-on-year, to 43.3 million euros, but increased by 41.5% compared to 30.6 million in the first three months of the year, which were marked by the blockade due to the epidemic.
Analysts have “praised” these figures from JP Morgan, Goldman Sachs, Citi, and Morgan Stanley in research indicating that Negócios had access to. Also a Credit Suisse raised the target price for Nos shares from 3.30 to 3.40 euros, giving an upside potential of 15.1%. Compared to the closing price yesterday (2.954 euros). The bank kept its “neutral” recommendation, according to a note that Negócios had access to.Prices for EDP Renováveis (+2.43%) and EDP (+1.57%) also rose. On the downside, BCP lost 1.69% and Galp oil contracted 2.53%.