Energy boosts Lisbon stock exchange. Greenvolt gains almost 2%

The Portuguese stock market woke up in positive territory, after having closed Thursday's session in the red. The other European markets that are already trading are also in the green, with investors awaiting the release of September's inflation data in the Eurozone.

The PSI rose 0.27% to 6,069.04 points. Of the 16 listed companies, nine are up, four are down and three are unchanged - Semapa, Ibersol and Corticeira Amorim.

On the gains side, the energy sector stands out. Greenvolt is up 1.98% to 5.42 euros per share, EDP Renováveis is up 1.28% to 15.495 euros and casa mãe is up 1.13% to 3.947 euros. Yesterday, the energy company announced to the market that SU Eletricidade, the supplier of last resort in the Portuguese electricity system, 100% owned by EDP, has sold the tariff deviation in Portugal for 300 million euros.

Also in energy, REN gained 0.41% to 2.435 euros after revealing yesterday that it has already invested five million euros to certify the country's natural gas transportation, storage and distribution infrastructures so that they can also include hydrogen.

Also in the green were Altri, which rose 1.31% to 4.33 euros, CTT, which rose 1.20% to 3.38 euros and Jerónimo Martins, which opened the session gaining 0.47% to 21.22 euros. Banco CTT announced on Thursday that it has a target of 25 to 30 million euros in pre-tax profits for 2025.

On the other side of the table, Galp slipped 0.50% to 14.06 euros, followed by BCP, which fell 0.46% to 0.2611 euros per share. The oil company guarantees that it is doing its part in the energy transition and announced a new solar power plant in Ourique, an investment of more than 70 million euros.