The Lisbon stock exchange was trading in positive territory in today's session, with the PSI-20 rising 0.57% to 9,472.86 points, contrary to the trend of the main European markets, which registered losses. The DAX fell 0.05%, the CAC40 dropped 0.03% and the Ibex35 slipped 0.32%.
Among the listed companies with the biggest gains, Mota-Engil stood out with a gain of 3.24% to 4.970 euros, Jerónimo Martins advancing 1.93% to 18.46 euros, Teixeira Duarte up 1.88%, and Galp rising 1.16% to 20.96 euros. The only listed company registering losses was BCP, with a drop of 0.30% to 1.1540 euros.
According to analyst Ramiro Loureiro, from Millennium Investment Banking, European stock exchanges are globally down, pressured by rising oil prices, which raises fears of greater aggressiveness from central banks in raising interest rates to contain inflation, two days before the ECB is due to announce its monetary policy. In Portugal, the PSI manages to buck the external trend, driven by gains in Galp, Jerónimo Martins, pulp and paper companies such as Altri, Semapa and Navigator, and construction firms Mota-Engil and Teixeira Duarte.
In the oil market, WTI rose 2.69% to $93.95 per barrel and Brent advanced 1.73% to $98.67. In the foreign exchange market, the euro depreciated 0.09% against the dollar, settling at $1.1612.
