Portuguese Stocks Gain 0.3% in Morning Trading

Dow Jones
Jul 29

This article was automatically generated by Dow Jones using technology from Automated Insights.

Stocks in Portugal rose during early trading Wednesday, as the Portugal PSI 20 Index added 0.3% to 9164.52.

Among local companies with a market cap of at least 100 million euros ($114.0 million), Galp Energia is the biggest leader this morning, rising 1.9%, and EDP Renovaveis increased 1.4%. Novabase rounds out the top three movers, as shares gained 1.1%.

Sprt Lisb Benf-Futebl SAD is the biggest early laggard, tumbling 5.7%, followed by shares of Sonaecom, which declined 2.7%. Shares of CTT-Correios de Portugal declined 1.2%.

On the currency front, the WSJ Dollar Index fell 0.1% to 97.47. The euro strengthened 0.1% against the dollar to $1.14.

In the bond markets, the 10-year Portuguese government bond yield rose 1.34 basis points to 3.472%.

Data source: Dow Jones Market Data, FactSet

 

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