Lisbon closes on a high with momentum from the EDP and BCP group – Stock Exchange

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The Portuguese stock market returned from the May 1st holiday with a positive session thanks, above all, to the gains of the EDP family and the bank led by Miguel Maya.

The Lisbon stock exchange closed higher this Thursday as trading resumed after the May 1st holiday. The PSI gained 0.75%, to 6,665.17 points, with 12 listed in the green and four falling.

CTT led the rises by “jumping” 3.51%, up to 4.565 euros, on the day they present their quarterly accounts. But the biggest contribution came from the heavyweights of the EDP and BCP group.

EDP ​​shares rose 3.06%, to 3.634 euros, on a day in which the electricity company announced that it had been awarded a feasibility license for offshore wind in Australia to Ocean Winds, a joint venture between EDP Renováveis ​​and Engie. EDPR gained 2.72%, closing at 13.22 euros.

BCP closed at 0.3345 euros, an increase of 1.8%. During the day, the shares of the only bank listed on the Portuguese market reached 0.3393 euros, the highest value since the beginning of June 2016. The bank led by Miguel Maya followed the positive day in European banking and may already be benefiting approaching the presentation of quarterly results, scheduled for May 15th.

Note also the 1.4% gain for Navigator, to 4.21 euros. This trend was not followed by the other paper pulp producer, Altri, which lost 0.48%, closing at 5.15 euros.

In retail, Sonae increased 0.53%, reaching 0.945 euros, while Jerónimo Martins increased 0.05%, ending the day at 19.36 euros.

Preventing further PSI gains was Galp, which after having reached historic highs, is correcting itself, having dropped 2.45% today, to 19.71 euros.