Lisbon, Oct. 28, 2024 (Lusa) - On Monday morning, the Lisbon stock market maintained its opening trend and traded higher, with Jerónimo Martins shares rising 1.49% to €17.05 and Greenvolt falling 2.34% to €8.14.
At around 9.15 a.m. in Lisbon, the PSI advanced 0.13% to 6,521.06 points, with six shares rising, eight falling and two remaining unchanged (Altri at €5.03 and Semapa at €14.66).
On Friday, according to a Euronext press release, it was announced that the Americans from Kohlberg Kravis Roberts (KKR) had managed to acquire 97.64% of Greenvolt after launching a general and mandatory takeover bid for the company led by Manso Neto.
KKR, which paid €8.3107 for each share, can now proceed, as it had planned, with the right of potestative acquisition, as it has a position of 90% or more, "which will result in the shares being excluded from admission to trading on Euronext Lisbon", he recalled.
Jerónimo Martins' shares were followed by those of Sonae, BCP and CTT, which rose 0.88% to €0.92, 0.57% to €0.42 and 0.48% to €4.22.
NOS and EDP Renováveis shares advanced 0.42% to €3.62 and 0.15% to €13.10.
In the opposite direction, after Greenvolt's shares, Navigator, Ibersol and Galp were the most down, respectively 0.45% to €3.54, 0.28% to €7.16 and 0.27% to €16.56.
Galp announced today that it closed the first nine months of this year with a profit of €890 million, an increase of 24% on the same period in 2023.
According to the Portuguese Securities Market Commission (CMVM) statement, in the same period, the group recorded an EBITDA (earnings before tax, interest, amortisation and depreciation) of €2.609 billion, 8% less than in the same period last year.
More moderately, shares in Corticeira Amorim, REN and Mota-Engil fell 0.24% to €8.47, 0.21% to €2.33 and 0.16% to €2.52.
The other shares to fall were those of EDP, which dropped 0.11% to €3.76.
The main European stock markets were up today, following the strong recovery recorded by the Japanese stock market after Sunday's elections. This week, attention will be centred on US employment data on Friday.
Wall Street closed in mixed territory on Friday, with the Dow Jones down 0.61% to 42,114.40 points and the Nasdaq advancing 0.56% to 18,518.61 points.
Investors will be paying close attention to the publication of company results.
The price of Brent crude oil for December delivery fell sharply, by 4.30%, after Israel's attacks on Iran at the weekend spared civilian, nuclear and crude oil facilities.
US benchmark crude West Texas Intermediate (WTI) is also down 4.60% to $68.47 a barrel before the market opens.
Gold is also retreating by 0.28% at this point, with the price per ounce at $2,738.
On the currency front, the euro opened stronger at $1.0812 on the Frankfurt exchange, compared to $1.0796 on Friday.
MC/ADB // ADB.
Lusa
