More than 8,900 points: PSI has not reached this level for almost 20 years. Teixeira Duarte and Mota-Engil led the gains.
The Lisbon stock exchange traded higher this Monday, with the PSI to go up to maximums since June 2008led by the shares of Teixeira Duarte and Mota-Engil.
As the day began, PSI maintained its opening trend and advanced 0.33% to 8,919.38 points, a maximum since June 2008, with nine ‘papers’ rising, six falling and one maintaining its price (Ibersol at 11.05 euros).
The shares of Teixeira Duarte and Mota-Engil led the rise and rose 2.81% to 0.51 euros and 2.14% to 4.95 euros.
As highlighted, the day was gains for the construction sector at European level.
At the end of the day, the rises were even greater: 8.03% in Teixeira Duarte and 5.15% in Mota-Engil.
Companies in the paper sector rose considerably: Others with 3.56% and the Navigator earning 2.59%.
O BCP also contributed to the increase in the PSI: it increased by 2.08%.
Only one PSI company dropped its value this Monday: Corticeira Amorim, which dropped 0.87%.
In Europe, the week’s data calendar is scarce after the decision of the European Central Bank (ECB) to maintain key rates, as expected, and the entity’s president, Christine Lagarde, having reiterated that monetary policy is in a good position, with risks broadly balanced, meaning that a change in rates is not expected soon.
Markets are discounting a reduction in policy rates of 25 basis points next July, although they see an anticipated reduction in June as likely.
