PSI closes in the 'green', with EDP Renováveis ​​soaring more than 4%

The Lisbon stock exchange closed the day trading in positive territory, with a rise of 1.20% to 7,811.64 points.

EDP ​​Renováveis ​​soared 4.61% to €10.66, followed by BCP, which rose 2.01% to €0.7394. Altri gained 1.63% to €4.980, Galp added 1.47% to €15.93, Semapa increased €1.455 to €18.16, and Jerónimo Martins advanced 0.77% to €20.84.

In contrast, Ibersol lost 1.67% to 9.98 euros, CTT fell 1.08% to 7.35 euros, Mota-Engil slipped 0.76% to 5.220 euros, REN slipped 0.51% to 2.920 euros and Corticeira Amorim fell 0.28% to 7.18 euros.

The main European markets closed in the 'green', with the CAC40 gaining 0.54% to 7,872.02 points and the Ibex35 increasing 0.50% to 15,170.50 points.

Millennium Investment Banking market analyst Ramiro Loureiro states that " Tuesday saw gains on European stock markets, on the day it was signaled that activity in the Eurozone gained momentum in September, driven by the surprising acceleration in services, contrasting with a loss of growth momentum in the US."

The PSI led the gains, driven by the surge in EDPR, which capitalized on the winds of a court victory by Orsted to restart construction on a wind farm in the US, which had been halted by the Trump administration. The significant gains of heavyweights like BCP and Galp also boosted the national index. Abroad, the Automotive sector was the most buoyant, he notes.

In the oil market, Texas-based WTI rose 2.12%, setting the price per barrel at $63.57, and Brent gained 1.85% to $67.80. Natural gas rose 0.10% to $3.10.

In the foreign exchange market, the euro depreciated 0.08% against the dollar, settling at 1.1794 dollars.