The Lisbon stock exchange followed the pace of recovery experienced in the main European markets after the last sessions were “sell-off”. The PSI index appreciated 1.13% to 5.721,02 points, with 11 of the 15 listed on positive ground and only four on red.
BCP was the quote that rose the most in Lisbon, advancing 3.13% to 0,1449 euros, in line with the positive performance in European banking. The sector is benefiting from the signals given by several members of the European Central Bank (ECB) that an increase in reference interest rates is almost certain in July and, depending on the evolution of inflation, it may even happen in June.
Energy – which is still waiting for visibility on the mechanism to limit gas prices – also had a positive day. EDP Renováveis rose 2.44% to 20,56 euros, Galp gained 2% to 10,46 euros and EDP added 1.54% to 4.41 euros. REN, on the other hand, advanced 1.23% to 2.89 euros per share, after informing the market that it will start distributing dividends on 19 May. In the opposite direction, CTT sank again: 1.3% to 3.79 euros. Since, after the close of Thursday’s session, it presented results – with a 38% drop in quarterly profits -, the postal operator has already sunk more than 11%, being also pressured by the reinforcement of short positions.
In addition to the company led by João Bento, Sonae (which lost 0.48% to 1.03 euros) and Greenvolt (which dropped 0.31% to 6.41 euros) closed in the red. The biggest drop was, however, of Navigator, which lost 1.42% to 3.88 euros.
(News updated at 17:00)