The PSI has risen more than 13% since the beginning of the year. Praça de Lisboa maintains its bull market – Executive Summary

The Lisbon Stock Exchange has recorded a rise of 13.1% since the beginning of 2023. The PSI thus maintains its bull market, achieving higher annual growth than the European, Chinese and emerging markets.

According to Maxyield data, the range of annual variation is very wide, ranging from 215.8% for Mota-Engil to -18.6% for EDP Renováveis, with nine securities growing and seven depreciating.

Companies with positive annual variance are Mota-Engil (215.8%), BCP (110.5%), Ibersol (22.1%), CTT (15.6%), J. Martins (12.5%), Semapa (9.7%), Navigator (9.1). . %), GALP (8.3%) and Corticera amorium (3.8%).

On the other hand, the seven companies that saw their annual share price decline are EDP Renováveis ​​(-18.6%), NOS (-10%), Greenvolt (-8.8%), EDP (-5.8%), Altri (-10%) ). -4.9%), REN (-3.4%) and Sonae SGPS (-0.7%).

Experts also warn that NOS and EDP, which technically entered a bear market level, through a 20% devaluation compared to the previous maximum, have not yet returned to bull market mode. Altri, Galp, EDP Renováveis ​​​​​and Greenvolt, which also reached a bear market level during 2023, have already left this situation, with a rise of more than 20% compared to the lower limit reached.

The PSI index ended November with a value of 6,474.6 points, representing a significant monthly growth of 3.5% in a context in which international markets, with the exception of China, experienced strong and broad-based positive developments.

“The trajectory of the PSI in November shows that after the initial growth, which stopped with the announcement of the fall of the government, the national stock market suffered an erratic development, having recovered in the latter part of the month,” explains Maxild.

The monthly variation range of PSI fluctuates between 20.4% for Mota-Engil and -3.9% for Galp.

This month, ten of the companies included in the PSI index saw positive monthly changes. Stocks that saw monthly price growth in November were Mota-Engil (20.4%), Greenvolt (12.7%), EDP (10.5%), EDP Renováveis ​​(10.3%), BCP (6.4%), Altri (4.2%) %). Martins (4.2%), Simaba (1.5%), Ebersol (0.6%), Navigator (0.3%).

The decreasing monthly ranking, due to lower prices in November, includes Galp (-3.9%), NOS (-1.4%), Corticeira Amorim (-1.3%), CTT (-1, 2%), REN (-1%) and Sonai. SGPS (-0.1%).