The Portuguese Stock Exchange ended its trading higher for the third session, with the Portuguese index conflicting with the declines recorded in the major European markets. Maintaining gains was primarily Jeronimo Martins’ assessment.
The PSI-20 advanced 0.25% to 5574.5 points on a day when 11 stocks rose, five stocks fell, and three (CTT, Pharol and Semapa) closed unchanged. Thus Lisbon had their third win in a row, two days before the end of the year.
The Lisbon Stock Exchange managed to counter the negative trend witnessed in the major European indices this Wednesday. The high number of new infections with the Covid-19 virus justifies the concerns of global investors, at a time when new cases exceeded one million on the second day.
Supporting the PSI-20’s gains was Jerónimo Martins. The Portuguese retailer was valued at €1.25 to €20.26, with the company once again crossing the €20 threshold a few days before the end of the year. Also in the sector, rival Sonae rose 0.4% to 1014 euros.
In keeping with what has been happening in recent days, BCP has given a positive boost once again. The bank’s bonds rose 0.43% to 0.1412 euros.
On the earning side, there was also REN. The value of the company amounted to 1.78% to 2.58 euros. The movement, along with the gains recorded by Greenvolt (+1.28%), contradicts the trend recorded by other companies in the energy sector on the Lisbon Stock Exchange.
Galp Energia lost 0.84% to €8.538, while EDP fell to €4.835 and EDP Renováveis fell 0.83% to €21.56.
With two days left before the end of 2021, the PSI-20 records an annual gain of 13.8%, a valuation well below that recorded in major European markets – the Stoxx 600 values more than 22% – but which indicates a return to gains after the 6% disaster in epidemic year.
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