The shares of the construction company and BCP were rising, respectively, by 2.79% to 5.89 euros and 2.27% to 0.76 euros.
Around 09:35 in Lisbon, the PSI, which since September 22 includes 16 companies, maintained its opening trend and rose by 0.47% to 8,304.52 points, with 12 stocks gaining, three declining, and one remaining unchanged (NOS at 3.73 euros).
The PSI ended last Thursday at a new high since April 16, 2010, at 8,340.83 points.
Mota-Engil, through its subsidiary Mota-Engil Mexico, signed new contracts in Mexico worth over 1 billion euros, the largest of which is for railway construction valued at 820 million euros, the company announced.
In a note sent to the Securities Market Commission (CMVM), Mota-Engil explained that the new contract signed with the Secretariat of Infrastructure, Communications, and Transport includes the design and construction of the second section (between Apaseo el Grande and Irapuato) of the Querétaro-Irapuato railway connection, with a total length of 70.7 kilometers.
The company had already secured, in August, the award of the first section of this project, which is a strategic component of Mexico’s National Railway Plan.
Following Mota-Engil and BCP were Altri, CTT, and Corticeira Amorim shares, which also rose by 1.01% to 4.99 euros, 0.58% to 6.94 euros, and 0.56% to 7.14 euros, respectively.
More moderately, Navigator, Galp, and EDP Renováveis shares gained 0.52% to 3.11 euros, 0.47% to 16.07 euros, and 0.45% to 13.53 euros.
Sonae and Semapa shares increased by 0.44% to 1.38 euros and 0.34% to 17.96 euros, while EDP (+0.23% to 4.44 euros) and REN (+0.16% to 3.11 euros) also appreciated.
Conversely, apart from Teixeira Duarte shares, Ibersol and Jerónimo Martins recorded losses of 0.50% to 10.05 euros and 0.20% to 20.36 euros.
The major European exchanges opened higher today, propelled by the rise of Tokyo’s Nikkei index, which reached historic highs by closing with a gain of 3.47% and achieved, for the first time, 49,000 points after the Liberal Democratic Party and the Japan Restoration Party agreed to form a coalition government.
Meanwhile, in Europe, investors are waiting for Germany’s federal statistics agency (Destatis) to release the producer price index (PPI) reading for September in Germany, a metric that for several months has shown declines at the factory level, mainly due to falling energy tariffs, especially oil.
The New York Stock Exchange futures advanced in line with Friday’s close, with gains of 0.61% for Nasdaq and 0.38% for Dow Jones.
In the US, the market is expecting the release of the September Consumer Price Index (CPI) data, which will be revealed next Friday, after more than a week’s delay due to the government shutdown, a crucial factor for the Federal Reserve’s (Fed) monetary policy, whose meeting will take place next week.
The price of gold, historically seen as a safe-haven asset in times of uncertainty, was rising today with an ounce being traded at $4,256.66, against $4,251.82 on Friday and an all-time high of $4,282.66 on October 16.
Meanwhile, Brent crude, the benchmark oil in Europe, for December delivery, is declining to $60.84, compared to $61.29 on Friday.
The euro was up to $1.1661 in the Frankfurt forex market, against $1.1655 on Friday and a new four-year high of $1.1865, recorded on September 16.
