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Home Economy

Lisbon ends up gaining more than 1% as Galp exploits Russian aid – Bolsa

Emily Brontë by Emily Brontë
August 9, 2022
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Lisbon ends up gaining more than 1% as Galp exploits Russian aid – Bolsa
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The PSI advanced 1.34% to 6,241.14 points on a day when European markets mostly closed in the red. Lisbon was only followed by the Madrid and London stock exchanges, but with much smaller gains.

The day ended with a rise of 12 out of 15 companies listed in the main national index, while only three companies closed negative.

Galp led the gains, up 3.46% to 10,605 euros, the highest level in the month. The oil company outperformed Europe’s oil and gas sector, which rose 1.34%, on a day when crude oil prices rose in global markets after Russia. hanging display Hungary, Slovakia and the Republic. czech.

Altri continued the recovery trend after last week’s sharp declines and rose by 2.92%. The paper mill is up 8% from its August 1 lows.

The energy sector showed strength once again, with EDP Renováveis ​​advancing 2.64%, while Greenvolt rose 1.91%, its third consecutive historic high, at €9.61. EDP ​​added 1.46%.

Retail also helped Lisbon’s gains: Jerónimo Martins rose 1.07% and Sonae gained 0.67%.

Mainly holding back further gains was heavyweight BCP, down 0.2%, to €0.1507. Today it was reported that the bank led by Miguel Maya may resort to pension fund support to cushion the impact of the bank’s losses in Poland.

Still in the red, CTT and Mota-Engil closed, down 0.29% and 0.16%, respectively.

Emily Brontë

“Writer. Analyst. Avid travel maven. Devoted twitter guru. Unapologetic pop culture expert. General zombie enthusiast.”

Emily Brontë

Emily Brontë

"Writer. Analyst. Avid travel maven. Devoted twitter guru. Unapologetic pop culture expert. General zombie enthusiast."

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