PSI20 reverses trend and closes session to rise slightly 0,77%

Praça Lisboa recovered and closed the first session of the week to trade on the green, with emphasis on the rise in CTT and EDP titles. In Stoxx600, the banking sector appreciated more than 2%.

The PSI20 reversed the trend of the start of the session and closed this Monday to rise 0,77% to 4.393 points, driven by the advances in the titles of CTT and EDP. In Europe, banking gave gas to European markets, which also closed on positive ground.

In the Lisbon square, CTT increased 2,61% to 2,16 euros, Sonae increased 2,22% to 0,646 euros and EDP increased 1,60% to 4,247 euros. In a counter-cycle, Pharol fell 2,30% to 0,102 euros, Sonae Capital lost 1,17% to 0,5060 euros and Jerónimo Martins fell 0,13% to 15,765 euros.

The positive trend followed that registered in Europe, “the day when it was revealed that confidence in the eurozone will have improved in several quarters in the month of June, with Portugal in countercycling”, points out Ramiro Lourenço, market analyst at Millennium investment banking, in a research note published this Monday.

The analyst of this one that in the Stoxx600 universe, the Banking sector stood out in today's session and appreciated more than 2%, with highlight to the increase of 4,04% in Ing Groep and 4,03% for Banco Santander.

“In the corporate sector, Wirecard was highlighted and closed the day valuing 154,5% after having said that it intends to maintain its operations, within the current insolvency process”, he highlights.

In the oil market, Brent rises 1,44% to $ 41,52 and WTI increases 1,90% to $ 39,22.

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