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The PSI-20 index closed the session on Tuesday gaining 1% to 4,264.82 points, following the rhythm registered in its European counterparts, on a day in which optimism about the coronavirus vaccine remains, but more restrained . . Still, the national stock market managed to hit a one-month high.
Galp Energia’s share rose the most (+ 7.43%), taking the company led by Carlos Gomes da Silva to a maximum since September 17, at 8,879 euros per share. With this daily increase, the Portuguese oil company ranks as the fourth best company of the day in the European oil sector, behind Repsol (+ 12%), OMV (+ 9.8%) and Rubis (+ 7.5%).
The oil market in general, one of the most affected by the current pandemic, which has caused strong blows in the demand for raw materials, remains enthusiastic, after Pfizer announced that the vaccine it developed with BioNTech showed a 90% success rate in prevention. coronavirus. Today, a barrel of Brent gained another 2%, after rising about 10% in the previous session. In addition to Galp, Banco Comercial Português also expanded its positive performance for the second day in a row. Today, the bank led by Miguel Maya appreciated 4.31% to 9.44 cents, but rose to more than 9%, on a day when the banking sector in Europe once again appreciated more than 4%.
Neil Watson, an analyst at Markets.com quoted by Bloomberg, says the news about the vaccine has raised interest rates, which will represent “a significant difference” in the net profit margins of banks, as well as help limit deterioration credit that the sector is experiencing.
In the rest of the Portuguese market, which today had more stocks falling (9) than rising (8), gains were also recorded in companies such as Sonae (+ 4.57%), or Nos (+ 3.24%). In the energy sector, EDP and EDP Renováveis did not go beyond devaluations of around 1.5%.
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