Lisbon, March 24, 2025 (Lusa) - The Lisbon stock market maintained its opening trend and traded higher on Monday, with EDP Renováveis and EDP rising 1.65% to €8.32 and 1.64% to €3.17 per share, respectively.
At around 09:20 in Lisbon, the PSI was up 0.52% to 6,832.08 points, with eight shares rising, six falling and one remaining unchanged (Sonae at €1.03).
On Friday, EDP announced in a statement that it had sold two hydroelectric power stations, through its subsidiary EDP Brasil, to Engie Brasil Energia S.A, the second-largest energy producer in Brazil, for a total of €190 million.
In a statement released by the Portuguese Securities Market Commission (CMVM), EDP - Energias do Brasil S.A., EDP's subsidiary in Brazil, announced the sale of its stake (50%) in HPP Cachoeira Caldeirão and HPP Santo Antônio do Jari.
The statement added that the deal corresponds to an estimated enterprise value of €500 million.
Shares in the two EDP companies were followed by those in BCP, Navigator and Semapa, which rose 1.51% to €0.55, 0.43% to €3.26 and 0.39% to €15.36.
In the same trend, Galp, Corticeira Amorim and Mota-Engil shares advanced 0.29 % to 15.49 euros, 0.12 % to 8.06 euros and 0.06 % to 3.36 euros.
In the opposite direction, Altri shares fell 1.12% to €6.16, while CTT shares fell 0.41% to €7.31.
NOS and Ibersol shares were both down 0.23% to €4.30 and €8.68.
The other two shares to fall were REN and Jerónimo Martins, down 0.19% to €2.66 and 0.05% to €19.17.
The main European stock markets traded higher today, awaiting the eurozone PMI and paying attention to US President Donald Trump's tariff policy.
The markets will also pay attention to the PMI (Purchasing Managers' Index) for the eurozone, Germany, the UK, and France.
Meanwhile, Wall Street closed in positive territory on Friday, ending a four-week decline.
Among other macroeconomic data, Tuesday will see the release of the German Ifo business confidence index for March and the week will end with unemployment in Germany and consumer confidence in the eurozone.
The price of Brent oil for May delivery, the benchmark in Europe, rose to $72.28, up from $72.16 on Friday.
The price of gold fell slightly (0.02%) in commodities, standing at $3,024.50 per ounce.
The euro was stronger, at $1.0848 on the Frankfurt exchange, compared to $1.0818 on Friday and $1.0218 on 13 January. This was the lowest level since 10 November 2022.
MC/ADB // ADB.
Lusa
