National Stock Exchange rises animated by In and the banking – Jornal de Negócios – Portugal

The national stock exchange follows the rise, at a time when the In is rising more than 3%, having already played in 2008 maximum, after presenting the results of the first half. On the opposite side is EDP Renováveis, following falling also after presenting results.

The PSI-20 up 0.99% to 5715.86 points, 13 shares rising, three falling and two unchanged. Among European counterparts the trend is also gains, with the indices to reflect the results presented by several listed as Total, Bayer and Peugeot Citroen.

The boost national stock exchange is In, whose shares are up 3.23% to 7.764 euros, after yesterday have revealed, as after market close the first half results of the year. The shares of We already came to play in 7.823 euros, thus reaching up to May 2008.

The company led by Miguel Almeida revealed a 8.3% increase in profits in the six months to 47.3 million. In the second quarter alone, the results grew 30.7% to 24.1 million. Between April and June, the operator led by Miguel Almeida also hit the “record of service raised”, surpassing 8 million clients. Revenues followed the same trend, growing 3.2% to 355.9 million.

“We consider that the results [of In] were solid, with the company to record net additions in all areas of the Telco segment [telecommunications], with the proceeds to accelerate the level of growth and EBITDA register an increase over the same period, “note analysts CaixaBI in a note published on Wednesday.

This morning, listed only one who presented the results of the first half was the renewable energy company of the group EDP. Thus, the profits of EDP Renováveis ​​fell 14% in the first half, which is leading to a fall of 0.53% of the shares to 6.73 euros.

Still in the energy sector, EDP is down 0.20% to 3.516 euros and Galp is rising 1.12% to 10.42 euros after CaixaBI have risen target price of oil to 12.70 euros after the results of the first half.

In banking, BCP is rising 1.67% to 7.32 cents, after yesterday have registered a sharp decline after the presentation of the results of the first half. The BCP showed a profit of 240.7 million euros, which exceeds the 150 million euros expected by analysts compiled by Reuters.

Analysts CaixaBI point out that there was a “performance the positive results of account level, although sustained in non-recurring items. ” On the negative side, analysts of this investment house highlight the fall in net interest income [the second quarter] and increased bad debt “which indicates an acceleration in terms of deteriorating quality of the loan portfolio in the domestic market.”

Also in this sector, BPI is rising 0.78% to 1.03 euros on the day awaiting the announcement of the results of the first half. Banif already is falling 1.59% to 0.62 cents.