Portugal Telecom’s earnings lead stock market to rise more than 1%
The national stock exchange continues to negotiate in good ground, driven by gains of 1.99% of Portugal Telecom. The PSI-20 moves 1.04% and follows the trend of European counterparts.
The PSI-20 cotava to 7,014.18 points with 16 companies going up and four to fall.
In Europe, major markets also trading with gains, encouraged by the statements of the leaders of the region gathered yesterday in Brussels. The heads said that the economy is on the way to a sustained recovery.
Portugal Telecom is the title that contributes most to the gains of the main index, the 1.99% advance to 6.365 euros.
Also in the telecommunications sector, the Zon gained 1.14% to 3.80 euros and Sonaecom advancing 0.41% to 1.729 euros.
The press is Breeze, which drops 0.08% to 5.015 euros in the quote.
The energy sector deals along with European counterparts with Galp Energia gaining 0.49% to 9.848 euros. EDP and EDP Renewables are the up 1.14% to 1.02% and 2.739 euros to 7.152 euros, respectively. The REN also up, 0.71% to 2.991 euros.
The sector of banking deals mixed with BCP to record gains of 0.79% to 0.766 euros. The BES advancing 0.88% to 3.88 euros while BPI lost 0.05% to 1.89 euros. The European financial sector deals in low light.
In the construction sector to Mota-Engil up 1.31% to 3.175 euros, Teixeira Duarte 0.52% to 0.968 euros and Soares da Costa is to negotiate unchanged. The construction sector up 1.39% in Europe.
