Relief from the trade war gives Navigator a gain of near 6%

  • ECO News
  • 11 October 2019

The Lisbon stock market closed at a strong increase with exporters benefiting from trade negotiations between the US and China.

The Lisbon Stock Exchange hadn’t risen that much in a day in the past two months. Thanks to the impulse given by the trade negotiations between the USA and China to Portuguese exporting companies or with exposure to the outside, the PSI-20 rose 1.20%, to 5,003.97 points. Since the end of September, the index has not traded above the 5,000-point barrier.

The Navigator, who sells most of their production to other countries and do business in dollars, rose 5.67% to 3.32 euros, while Semapa advanced 3.89% to 12.30 euros, and Altri gained 2.92% to 5.46 euros.

Mota-Engil (which rose 3.67% to 1.89 euros) and BCP (which added 2.3% to 0.1955 euros) also recorded significant gains. Galp advanced 1.26%, to 13.63 euros, on a day when oil prices registered strong increases.