The BCP benefits from higher interest rates. Lisbon Stock Exchange up 1%
The Lisbon Stock Exchange has kept pace with the recovery of major European markets after recent sessions were “selly”. The PSI rose 1.13% to reach 5721.02 Point, with 11 of 15 listed on positive ground and just four on red.
BCP was the most profitable listed company in Lisbon, rising 3.13% to 0.1449 Euro, in line with the positive performance of the European banking sector. The sector is benefiting from indications given by several members of the European Central Bank (ECB) that a rise in benchmark interest rates is almost certain in July, and depending on the evolution of inflation, it could come in June.
energy – Still waiting to see the mechanism to reduce gas prices – Also had a positive day. EDP Renováveis increased by 2.44% to 20.56 In euros, Galp rose 2% to 10:46 The euro and the EDP rose 1.54% to 4.41 euros. On the other hand, the REN share rose by 1.23% to €2.89 per share, after market information The distribution of dividends will begin on May 19. In the opposite direction, CTT collapses again: 1.3% to 3.79 euros. Since then, after the close of Thursday’s session, which produced results – with a 38% drop in its quarterly profit – the postal operator has already fallen by more than 11%, under pressure from the consolidation of short positions.
Besides the company led by João Bento, Sonae (which lost 0.48% to €1.03) and Greenvolt (which fell 0.31% to €6.41) closed in the red. But the biggest drop was the action Navigator, which lost 1.42% to 3.88 euros.
(news updated at 5:00 p.m.)
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