Lisbon, Nov. 28, 2024 (Lusa) - The Lisbon stock market was trading higher on Thursday morning, with eight PSI shares rising, led by those of Mota-Engil, which were up 1.96% to €2.60.
At around 09:40 in Lisbon, the benchmark PSI (Portuguese Stock Market Index) was advancing 0.34% to 6,438.98 points, with eight shares rising, four falling and three remaining unchanged (Ibersol at €7.44, REN at €2.45 and Sonae at €0.94).
On Wednesday, the contract to carry out upgrade work at Lisbon Airport was signed by Vinci, ANA and a consortium led by Mota-Engil, with an estimated cost of €233 million.
The consignment note was signed by Vinci's director for Portugal and Brazil, Thierry Ligonnière, the president of ANA Aeroportos, José Luís Arnaut, and the president of Mota-Engil, Carlos Mota dos Santos, at 10:45 am, in a ceremony next to Terminal 2 of Humberto Delgado Airport.
The investment, worth €233 million, includes the construction of 10 boarding points and the remodelling of the entire south busgate building, with the work being carried out by a consortium led by Mota-Engil.
Mota-Engil's shares were followed by those of BCP, EDP Renováveis and EDP, which were up 0.95% to €0.45, 0.81% to €11.21 and 0.58% to €3.45.
CTT, NOS and Jerónimo Martins shares were rising 0.34% to €4.47, 0.29% to €3.51 and 0.22% to €18.37.
Semapa shares were also up, namely 0.14% to €13.86.
In the opposite direction, Galp and Altri shares were falling 0.22% to €15.61 and €4.99, while Corticeira Amorim and Navigator were both dropping 0.12% to €8.50 and €3.46.
The main European stock markets were up today, after Wednesday's generalised falls, pending November inflation data from Germany and Spain, and Wall Street being closed for Thanksgiving.
In Spain, the year-on-year inflation figure is already known, which rose by six tenths in November, to 2.4%, mainly due to the increase in electricity and fuel prices, whose prices fell in the same month last year.
Wall Street closed in the red on Wednesday, on the eve of the US Thanksgiving holiday, despite the fact that the Personal Consumption Expenditures Price Index (PCE), a measure of inflation, reached 2.3% year-on-year in October, in line with expectations.
As well as not opening today, the New York Stock Market, with virtually no macroeconomic references, will only trade for half a session on Friday, due to Black Friday.
In other markets, gold is down by 0.11%, and the price per ounce is trading at US$2,661, as is oil, which is also down in both Europe and the US.
Thus, a barrel of Brent oil for delivery in January 2025 opened lower today, at US$72.51 on London's Intercontinental Exchange Futures (ICE), compared to US$72.83 on Wednesday.
US benchmark West Texas Intermediate (WTI) oil was also down, 0.36%, to US$68.47 before the market officially opened.
Bitcoin, the most widely used cryptocurrency on the market, is down 1.10% to US$95,412.
The euro opened weaker, at US$1.0540 on the Frankfurt exchange, compared to US$1.0576 on Wednesday and US$1.0418 on 22 November, a low since 1 December 2022.
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