en.Wedoany.com Reported - Driven by a rebound in the international technology sector, the Lisbon stock market ended its two-day losing streak on Thursday, with the main PSI index closing up 1.12% at 9,157.33 points. Among the index's 16 constituent stocks, 12 rose, 2 fell, and 2 remained flat.
Listed companies under the EDP Group were the main drivers of the index's upward movement. EDPR shares rose 2.86% to €13.67, while EDP gained 2.78% to €4.506. To meet growing demand, the group plans to invest over €3 billion in the grid sector over the next five years, equivalent to approximately €600 million annually, a significant increase from the current annual investment level of around €350 million. Group CEO Miguel Stilwell de Andrade announced the investment plan during the company's 50th anniversary celebration.
The biggest gainer of the day was Teixeira Duarte, whose shares surged 6.78% to €0.551. Additionally, Mota-Engil rose 1.92% to €4.78, Sonae Group gained 1.73% to €2.055, and energy network management company REN increased 1.91% to €3.735. Boosted by a recovery in crude oil prices, Galp shares rose 0.33% to €18.41.
On the downside, Jerónimo Martins was the worst performer, falling 0.63% to €17.39. Another declining constituent stock was Nos, which dropped 0.29% to €5.205.
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