By 09:25 in Lisbon, the PSI maintained its opening trend, advancing 0.47% to 7,054.38 points, reaching a high not seen since June 20, 2014. This movement saw six stocks rising, eight falling, and one remaining unchanged (Ibersol at 9.36 euros).
The valuation of Jerónimo Martins followed the company’s announcement of a 31.4% rise in profits during the first quarter, compared to the same period in 2024, amounting to 127 million euros.
During the same period, sales grew by 3.8% to 8.4 billion euros (+1.9% at constant exchange rates), despite the absence of Easter in the first quarter, as reported to the Comissão do Mercado de Valores Mobiliários (CMVM).
The earnings before interest, taxes, depreciation, and amortization (EBITDA) rose 3.8% to 528 million euros (+1.2% at constant exchange rates), with the respective margin holding at 6.3%, aligned with the first quarter of 2024.
Following Jerónimo Martins, NOS, Corticeira Amorim, and Navigator saw their shares increase by 1.39% to 3.66 euros, 1.05% to 7.70 euros, and 0.89% to 3.40 euros, respectively.
More moderately, shares of Semapa and Altri advanced 0.49% to 17.58 euros and 0.37% to 6.23 euros.
Conversely, shares of EDP and Mota-Engil fell by 1.42% to 3.25 euros and 1.37% to 3.89 euros, while REN and CTT both declined by 1.03% to 2.88 euros and 7.71 euros, respectively.
EDP Renováveis and Sonae’s shares depreciated by 0.92% to 8.01 euros and 0.52% to 1.14 euros.
Today, EDP Renováveis (EDPR) announced profits of 52 million euros in the first quarter of the year, a 24% decrease compared to the same months in 2024.
The other two stocks decreasing were Galp and BCP, down by 0.29% to 13.69 euros and 0.27% to 0.59 euros, respectively.
Major European stock exchanges opened positively today after the U.S. Federal Reserve (Fed) kept interest rates unchanged, anticipating that the Bank of England (BoE) would lower its key rates today.
The price of Brent crude for July delivery, the benchmark in Europe, climbed to $61.31 a barrel, from $61.12 on Wednesday.
The euro declined to $1.1283 in the Frankfurt foreign exchange market, from $1.1349 on Wednesday and $1.1509 on April 21, marking a new high since November 12, 2021.
