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Lusa - Business News - Portugal: PSI20 up 6.27%, passing 4,000 barrier




Lisbon, Mar.25,2020 (Lusa) - The Lisbon stock market was up on Wednesday, with the PSI20 rising 6.27% to 4,125.01 points, for the first time above 4,000 points since 11 March, in line with the main European markets.

Around 9.30 a.m. in Lisbon, the main stock market index, the PSI20, was up 6.27% to 4,125.01 points, with 17 'papers' rising and one unchanged (Ibersol).

The shares that rose the most were those of Altri and Semapa, which registered gains of 9.77% to €3.80 and 8.53% to €8.40.

Besides Altri and Semapa shares, Galp, BCP and REN were also the most valuable, namely 8.37% to €10.18, 8.09% to €0.12 and 7.75% to €2.23.

Also rising above 7%, EDP shares rose 7.31% to €3.70.

In Europe, the main stock exchanges were on the rise on Wednesday, encouraged by the approval of a stimulus plan in the United States of $2 billion (€1.85 billion) to face the Covid-19 pandemic.

On Tuesday, the European stock markets ended the session with strong gains sustained by the lifting of quarantine in the Chinese province of Hubei, except Wuhan, where the outbreak of Covid-19 began, and the new measures adopted by the United States Federal Reserve (Fed), but waiting for an agreement in Washington on the stimulus package.

After the US markets closed, it was finally known that Washington had reached a preliminary agreement with senators on a $2 billion stimulus package, the largest in modern US history, aimed at protecting the economy from the pandemic.

On Tuesday, the New York stock market ended with the Dow Jones rising 11.37%, a daily rise not seen since 1933, to 20,704.91 points, against 29,551.42 points on 12 February, the current high since it was created in 1896.

In the same direction, the Nasdaq closed rising 8.12% to 7,417.86 points, against the current high of 9,817.18 points on 19 February.

MC/IMYN // ADB.

Lusa


Agency : LUSA

Date : 2020-03-26 10:27:00







 

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