The Lisbon stock exchange closed up 4.5%, defying the negative trend on European exchanges in a day marked by high volatility levels in financial markets. The national index thus managed a positive performance while the majority of the continent's exchanges were posting losses.
The negative context was mainly due to the European Central Bank's decision to raise interest rates, a measure that tends to penalize equity markets. Adding to this situation was the rise in oil prices, which contributed to the atmosphere of instability in European markets.
Nos and EDPR shares were the main supports for the Portuguese index, achieving gains that allowed the Lisbon stock exchange to remain in positive territory even on a day unfavorable for equity markets.
