The PSI-20 index ended the session on Wednesday, May 27, gaining 0.12% for the 4,304.54 points, around the highs of two and a half months.
The session started off positively for European markets, with optimism for a faster economic recovery, hitchhiking enthusiasm with the gradual reopening of economies, supporting the gains.
In addition, the European Commission today presented a proposal for the European Union recovery fund consisting of EUR 750 billion, through the issuance of joint debt by the institution. This amount will be divided into two: EUR 500 billion will be distributed to Member States through non-repayable grants and EUR 250 billion via loans.
Portugal benefit from € 26.3 billion of this support, according to Business found from sources in Brussels. Of this amount, 15.5 billion euros relate to non-repayable grants and the remaining 10.8 billion euros through loans granted. According to Reuters, Spain and Italy are expected to receive around 40% of total support.
Over here, the oil company Galp managed to hit the highs of March 6, by valuing 6.34% to 11,065 euros per share. However, oil prices fell and Brent, which serves as a benchmark for Portugal, lost 5.11% to $ 34.32 per barrel.
BCP is also at maximum, with a gain of 4.55% to 10.12 cents per share, a level last touched on April 30th.
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