The major European stock markets closed higher and Lisbon followed the trend, supported by gains in banking and energy.
the major European stock markets closed higher on news that the UK and European Union will be close to closing a first draft of the Brexit deal. In Lisbon, the leading national index followed the trend, supported by gains in banking and energy.
Though, the gains were more modest in Portugal. The PSI-20 advanced 0.31%, to 4,990.44 points, on the day the shares of BCP were in prominence.
The shares of the Portuguese bank were up throughout the session and closed with an appreciation of 1.98%, boosting the main national index. Galp Energia also contributed by seeing the shares gain 0.63% to 13.65 euros. But the first place on the podium of performance was occupied by Mota-Engil, that valued 2.18% and closed the market at 1.92 euros.
However, the Portuguese index didn’t appreciate more due to the weight of some listed companies, such as EDP Renováveis. The securities of the renewable energy company fell 0.41% to 9.81 euros. But the most negative highlight falls on Ibersol, whose shares slipped 3.81%, and is now quoted at 7.58 euros.