• Sat. Jan 28th, 2023

Lisbon Stock Exchange closes high with BCP up 5.22%

BySharna Bass

Jan 5, 2023

The Lisbon Stock Exchange closed today on a high with the PSI index advancing 0.24% to 5,881.07 points, with BCP leading gains for the fourth consecutive day, up 5.22%.

Of the 15 listed companies that make up the PSI, six rose and nine fell. BCP closed at 0.17 euros and has accumulated gains of almost 17% since the beginning of the week.

Wednesday afternoon the market was informed that Bank Millennium, BCP’s Polish subsidiary, reduced the cost of credit defaults by PLN 99 million (EUR 21.2 million) at the consolidated level, which will “positively impact” the results for the fourth quarter of 2022.

In the PSI’s biggest rises, Galp advanced 2.73% to €12.61, CTT added 1.26% to €3.22 and Semapa gained 1.13% to €12.58.

Jerónimo Martins (€20.98) and NOS (€3.90) were up by less than 0.40%.

EDP Renováveis led the declines, falling 1.87% to €4.77 and EDP lost 1.87% to €4.77.

Greenvolt fell 1.41% to €7.67 and REN dropped 1.17% to €2.53.

Among the listed companies with losses of less than 1%, Corticeira Amorim fell 0.68% to €8.80 and Sonae fell 0.62% to €0.96.

In the rest of Europe, there was no defined trend. London rose 0.64% and Madrid 0.56%, but Frankfurt fell 0.38%, Paris 0.22% and Milan 0.11%.