Galp and BCP help PSI close at a maximum of seven years – Bolsa

The PSI advanced 0.88% to 6,184.84 points, the highest closing value since May 4, 2015. The national stock market followed the positive day experienced in the main markets of Western Europe and of the 15 quoted in the index, only four closed in the red against 11 that ended with gains.

Giving strength to the index were mainly the heavyweights Galp and BCP. The oil company followed the European oil & gas sector and advanced 2.74%, to 11,625 euros. The bank led by Miguel Maya not only took advantage of the sector’s ride in Europe but also benefited from the rise in the target price by Jefferies and Deutsche Bank. BCP shares gained 2.73%, closing at 0.1844 euros.

The biggest rise of the day, however, belonged to Greenvolt, which climbed 3.98%, to 7.05 euros, encouraged by the rise of more than 43% in profits reported by the company led by Manso Neto yesterday after the market closed.

Still with gains well above 1% were listed companies such as Altri, Nos, Mota-Engil and Sonae.

Among the heavyweights, Jerónimo Martins also helped the index’s performance, with an increase of 0.69%, and EDP increased by 0.63%. EDP ​​Renováveis, on the other hand, slipped 0.13%.

The most punished listed company turned out to be Navigator, which lost 2.07%, with investors showing that they were sensitive to the warning given by the paper company of an increase in production costs that should be accentuated in the current quarter.

Read also  Loans for 600 million dollars approved for the electricity sector and development policies


Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.