PSI rose 1,000 points in less than 100 sessions. A historic level has not been seen since the 2008 international financial crisis.
A if Portuguese language is coming to , over recent times.
Last year, the PSI recorded its best year since 2009. Between October and February, rose 1,000 points in less than 100 sessions. It is an appreciation of 10% this year.
Last week, it reached 9,000 points. If this pace continues, in a few months it will surpass the 10,000 points – is a scale that has not been seen since the international financial crisis of 2008.
It highlights some reasons for this increase: growth of the Portuguese economy, low unemployment rate, stabilized political situation; and also the recent sectoral rotation observed in global markets.
Eduardo Silva, director of XTB Portugal, explains that there has been a “reinforcement of the positioning of investment funds (national and international) in Portuguese listed companies.” Thus, there is liquidity to maintain the increase.
And the change seen in golden visas It helped, highlights Steven Santos, director of platforms and brokerage at Banco Big: as they can no longer invest through the purchase of real estate, the capital market was grateful.
Afterwards, a new “fuel” may enter the PSI, called Fidelity. The insurer’s initial public offering (IPO) should appear at the beginning of next year – with a valuation of more than 3,000 million euros.
Caixa Geral de Depósitos could further boost this business by increasing its stake in the insurance company (15%).
Fidelidade’s entry into the PSI would be synonymous with introducing the large-scale insurance sector, reducing dependence on energy and retail.
The insurance sector, comments Steven Santos, “has solidity, regulation and cash flows very predictableand Fidelidade will possibly have an attractive dividend, reasons for investors to be interested.”
As ECO concludes, the Fidelity would be true PSI insurance.
