At 09:35 in Lisbon, the PSI maintained its opening trend, rising 0.77% to 7,533.42 points, reaching a new high since May 2014, with ten stocks rising, four declining, and one remaining steady (Corticeira Amorim at 7.82 euros).
In a market statement, BCP announced it has spent over 110 million euros on its ongoing share buyback program, acquiring 182,927,967 shares and holding 1.21% of its share capital.
The note, released by the Comissão do Mercado de Valores Mobiliários (CMVM), states that the bank acquired 9,519,403 ordinary shares representing its share capital between June 9 and June 13 under the program.
So far, BCP has acquired 182,927,967 shares under this program, initiated in April, for a total of 110,440,302.12 euros, representing 1.21% of its share capital.
The bank explained that under its Strategic Plan 2025-28, it “plans to execute share buyback programs, aiming to ensure, together with the payment of ordinary dividends, a distribution to shareholders of up to 75% of the consolidated net result generated from 2025 to 2028, subject to approval by the competent authorities.”
Following BCP, shares of Galp, Altri, and CTT were up 1.01% to 15.94 euros, 0.59% to 5.15 euros, and 0.55% to 7.30 euros, respectively.
More moderately, shares of Navigator, NOS, and EDP increased by 0.48% to 3.32 euros, 0.26% to 3.83 euros, and 0.25% to 3.62 euros. Shares of Semapa also increased by 0.25% to 16.34 euros.
Other rising stocks included Sonae and EDP Renováveis, with increases of 0.17% to 1.19 euros and 0.16% to 9.52 euros, respectively.
Conversely, shares of Ibersol and REN fell by 0.98% to 10.1 euros and 0.66% to 2.99 euros, alongside Mota-Engil and Jerónimo Martins, which declined 0.64% to 4.05 euros and 0.19% to 21.52 euros.
Major European stock exchanges opened higher today, despite the Middle East conflict between Israel and Iran, and with a focus on the upcoming U.S. Federal Reserve monetary policy meeting, with its decision set to be announced on Wednesday.
Today’s agenda includes the eurozone’s first-quarter labor cost data, while in the U.S., the New York Fed will release the June manufacturing survey.
The Organization of the Petroleum Exporting Countries (OPEC) will also present its June monthly report on crude oil supply and demand, coinciding with the strong surge in prices due to Israel’s attacks on Iran’s nuclear facilities.
Brent crude for August delivery is rising 0.44% at the moment, and the barrel price is at 74.58 dollars, although it has risen over 7% on the London futures market amid fears of disruption in Middle East oil supplies following Israel’s attacks on Iran.
In Asia, Tokyo’s Nikkei closed up 1.26%, while Shanghai’s benchmark index gained 0.35% and Shenzhen’s index rose 0.41%.
The Bank of Japan (BoJ) began a two-day monetary policy meeting today, with many analysts expecting it to maintain interest rates and potentially slow the reduction of state bond purchases.
Wall Street closed last Friday with a decline of over 1% across its indicators, following the cross-border attacks between Israel and Iran, causing market volatility, surging oil prices, and gold prices reaching historic highs.
At this time, Wall Street futures are up 0.26% for the Dow Jones Industrials, 0.36% for the S&P 500, and 0.44% for the Nasdaq.
Meanwhile, gold per troy ounce, a safe-haven asset, is down to 3,413.95 dollars, compared to 3,432.34 dollars on Friday, a new historic high.
The euro advanced to 1.1577 dollars on the Frankfurt forex market, a new high since November 9, 2021, against 1.1549 dollars on Friday.
[Updated news at 10:09]
