EDP Group was the champion of the largest increases on Friday, among those included in the PSI index. On the other hand, Galeb recorded the largest decline.
The Lisbon Stock Exchange ended Friday's session with a slight loss of 0.10%, reaching 6,316.22 points. Moreover, indeterminate sentiment was the general trend among major European markets.
Among the sharper rises, energy sources stand out, with EDP rising by 2.19% and reaching €4.29 per title, while EDP Renováveis jumped by 1.54% to €15.82. These were followed by NOS shares, which rose by 1.36% and ended trading at 3.29 euros.
The largest decline was also led by a listed company in the energy sector, in this case Galp, which shrank by 2.20%, to 13.98 euros per share. Furthermore, the Banque Centrale Populaire fell by 1.52% to 0.2856 euros.
In European arenas, the feeling is negative, although it is rarely expressed. The most important French index recorded the largest decline at 0.40%. It was followed by Spain, which lost 0.20%, and Italy, which lost 0.16%, while the overall Euro Stoxx 50 index fell by 0.12%. The smallest loss for the German index was 0.07%. The United Kingdom achieved very slight progress of 0.02%.
A barrel of Brent fell by 0.15% to reach $78.98, while crude oil fell by 0.27% in the markets, and the barrel is trading for $73.75.
“Most European stock markets closed lower, in contrast to the behavior seen on Wall Street, with the S&P 500 once again approaching the all-time highs it reached in 2021, at around 0.2% of that level,” according to an analysis by Millenium Company. Stock Markets Department of Investment Banking.
It is noteworthy that “this comes after the revelation from the University of Michigan that consumers in North America will be more confident and that expectations now indicate lower levels of inflation in the next 12 months.”
“Ahead of valuations on the other side of the Atlantic, Texas Instruments, PayPal and QUALCOMM continue to be listed. On the Old Continent, the technology sector showed enthusiasm, but declines in the natural resources, industrial and automotive sectors were among the constraints.
Emily Brontë is a journalist and feature writer specialising in culture, entertainment, literature, and current affairs. She is dedicated to producing clear, accurate reporting that helps readers stay informed about developments in the UK and around the world.
