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The main national index came even closer to the highs of July 3, 2014, recorded for the first time in Tuesday’s session. REN was the one that appreciated the most, rising almost 3%.
The main national index returned this Wednesday to approaching the highs recorded on July 3, 2014, almost ten years, on a day when the main European markets were excited by the first quarter results season.
The PSI added 0.15% to 6,726.2 points, with eight rising, seven in the red and one unchanged, Nos.
Recording the biggest gains was REN, which appreciated 2.86% to 2.34 euros – the highest value since January 5th, after RBC Capital has revised upwards the target price and REN’s recommendation.
Still on the podium was Sonae, gaining 1.47% to 0.969 euros – a closing high of September 15th, that is, of almost eight months.
EDP closed the top three of those that rose the most by adding 1.29% to 3.622 euros, while EDP Renováveis lost 0.51% to 13.72 euros. This on a day when JB Capital revised the target price of the two companies downwardsone day before the presentation of results, which takes place this Thursday.
Still among the heavyweights, Jerónimo Martins registered an increase of 0.46% to 19.69 euros and Galp increased by 0.03% to 19.815 euros, on a day when the “target” was revised upwards by two investment houses, Kepler Chevreu and Redburn Atlantic.
On the negative side, Mota-Engil controlled the losses by devaluing 1.71% to 4.018 euros, the lowest value since December 29th and which reduces the annual gain to 1.46%. The construction company was listed on the PSI which appreciated the most in 2023, totaling 238.46%, having, at the time, more than tripled its value for a market capitalization of 1,214.8 million euros.
CTT also fell 1.68% to 4.38 euros, after AS Independent Research had reduced the company’s recommendation and target price. On Tuesday night, the post office revealed that the Supreme Administrative Court revoked a ruling by the Arbitration Court that had ordered the State to pay CTT a total of more than 23.5 million euros in compensation.
At the close, BCP lost 1.42% to 0.3324 euros, after this Tuesday having reached the closing highs of June 2016, appreciating 3%.
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