LUSA 11/01/2024

Lusa - Business News - Portugal: Stock market rises 2.21% buoyed by banks, retail

Lisbon, Oct. 31, 2024 (Lusa) - The Lisbon stock market closed Thursday's session with a sharp rise in the PSI index of 2.21% to 6,532.77 points, supported by strong gains from BCP and Jerónimo Martins, two heavyweights.

With this rise, the Lisbon stock market put an end to three consecutive falls and of the 15 listed companies that make up its main index, seven were up, seven were down and one was unchanged.

BCP led the risers and advanced 9.73% to €0.46. The bank announced on Wednesday after the market closed that it made profits of €714.1 million between January and September, 9.7% more than in the first nine months of 2023 and expects to generate annual profits of around €1bn between 2025 and 2028.

Jerónimo Martins advanced 8.24% to €17.87 after releasing results after Wednesday's stock market session, having made €440 million in profit between January and September, down 21.% on the same period in 2023.

NOS led the way downwards, falling 3.30% to €3.52.

The main European stock exchanges closed lower, with Paris losing 1.05%, Frankfurt 0.93%, Milan 0.64%, London 0.61% and Madrid 0.36%.

EO/ADB // ADB.

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