Lisbon closes in the green with Galp leading gains with a rise above 5% – Stock Exchange


The Lisbon stock exchange closed in positive territory for the second consecutive session in this start of 2022. Thus, the PSI-20 advanced 0.58% to 5,670.45 points, with nine quoted ending the day in positive territory and ten in a fall.

Galp Energia stood out in the rises, with the shares of the company led by Andy Brown appreciating 5.13% to 9,178 euros, a maximum of two months. The company was included in Bernstein’s 2022 list of possible winners, which classified the Portuguese company as “outperform”. The investment bank pointed out as “an attractive investment opportunity” several European listed companies in the energy sector, such as BP, Shell or Repsol, also classified as “outperform”. According to the analysis of Oswald Clint, in a note quoted by Bloomberg, the “financial, operational and ESG impulse” of these companies was highlighted.

The session was also positive for BCP, which saw the bonds appreciate 2.68% to 0.1493 euros. The company’s bonds rose nearly 3% over the course of the session, even on a day when BCP shares were subject to a downward revision of the target price by the finance company Autonomous Research LLP (which belongs to the AllianceBernstein group). Jerónimo Martins was also highlighted, with shares increasing by 1.79% to 20.52 euros per share.

The EDP group heavyweights ended the session in the red. EDP ​​Renováveis ​​registered the biggest drop this Tuesday, with bonds giving 2.45% to 21.48 euros, while the parent company closed in the red by just a few: EDP gave 0.02%, with bonds at quote at 4.879 euros.

On a day when more than half of the listed companies closed in the red, Ibersol depreciated 1.13% (5.26 euros), Corticeira Amorim fell 0.89% (11.10 euros) and CTT gave 0.65% ( 4.62 euros). In telecommunications, Nos fell 0.63%, closing the day at 3.44 euros.

Among the gains, he also notes for Pharol, which appreciated 3.78% (0.0796 euros) and for Mota-Engil, which recorded gains of 1.85% (1.319 euros). Navigator advanced 0.95% to 3.398 euros, Greenvolt appreciated 0.77% (6.52 euros) and Ramada increased 0.56% (7.2 euros).

(updated news)


Source: Jornal de Negócios by www.jornaldenegocios.pt.

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