The bank led by Miguel Maya fired after shareholders reaffirmed their interest in staying in the capital. Only four listed companies closed in the red on a day of gains for the PSI-20.
BCP fired 4% in stock exchange and sustained the gains of the PSI-20. The national reference index closed the session on Monday with an appreciation of 0.79% to 5,016.45 points, in line with the positive sentiment in major European markets. If the bank was the main driver, Jerónimo Martins stopped the index.
Still, the BCP wasn’t the highest ranked. This place belongs to CTT, which fired 4.5%. Exporters also rose sharply, thanks to lower fears about the international context (especially those related to the trade war and Brexit): Altri, Mota-Engil, Semapa and Navigator gained between 1.9% and 2.9%.
EDP increased 0.85% to 3.55 euros per share, on the day that JP Morgan issued a note about the company. The target price rose to 4.00 euros in December 2020 and went overweight (against the previous neutral recommendation). The investment bank also added to believe that the sale of assets will help to reduce the debt of the electric led by António Mexia.
On the contrary, Jerónimo Martins maintained the negative sentiment of last week, after the Polish regulator UOKiK announced that it will investigate how prices at Biedronka, the company’s Polish retail chain, are presented to customers. The retailer sank 1.97% to 14.67 euros per share. The competitor Sonae slid 0.33%.
Galp fell 0.15% to 13.51 euros per share on the previous day to present results for the third quarter of the year. The oil company followed the international trend, with raw material prices falling.