Semapa rises almost 3% and leads positive sentiment on the stock market

The Lisbon stock exchange closed the week with slight gains in the last session, with the PSI index gaining 0.23%. This sentiment follows the subtly positive sentiment experienced across major European markets.

Among the sharpest gains, Semapa rose 2.96% to €5.21 per share, while Semapa rose 2.82% to €18.24, and Navigator rose 2.46% to €3.336. Meanwhile, Galp rose 1.10% to €16.57, and Mota-Engil rose 0.97% to €5.225.

Ibersol was in the 'red', with shares falling 1.24% to 9.52 euros, while EDP Renováveis fell 0.70% to 9.98 euros.

Abroad, there were increases of 0.99% in Spain, 0.47% in Italy, and 0.44% in France, while the Euro Stoxx 50 aggregate index added 0.19%. Conversely, declines of 0.17% were recorded in Germany and 0.11% in the United Kingdom.

In the futures market, Brent crude rose 0.72% to $66.91 per barrel, while WTI crude advanced 0.55% to $64.23 per barrel. In the foreign exchange market, the euro fell 0.02% against the dollar, trading at $1.1662 per barrel.

"European indexes mostly closed higher, in a session where rumors emerged that the US and Russia intend to reach an agreement to end the war in Ukraine, which would guarantee Russia's occupation of the territory seized during the military invasion," notes the analysis by the Equity Markets Department of Millenium Investment Banking.

In this context, “the German index demonstrated a weaker performance, pressured by the fall of Munich Re (in reaction to the accounts presented), which led the insurance sector to lead the falls in Europe”, it is noted.

On the other hand, "the natural resources sector led the gains, driven by rising commodity prices after the Financial Times reported that the US had imposed tariffs on imports of gold bars weighing more than one kilogram," the same analysis reads.

“In Portugal, BCP once again saw investment houses raise its valuation,” it added.