Shares of the only bank listed on the PSI index rose more than 47% in the last 12 months, until the end of this Tuesday’s session. The value is the highest since mid-2016.
Millenium BCP shares appreciated 3.02% in this Tuesday’s session, which corresponds to an increase to 33.72 cents. This means that negotiations reached a maximum value in around eight years, since since May 2016, transactions have always been made for lower amounts.
BCP’s market share price rose 47.43% last year, in line with the variations recorded by the banking sector in general. At issue is the general increase in profits, associated with the rise in interest rates, which is in line with the aggressive monetary policy of central banks, namely the ECB.
This Tuesday, the day was particularly positive for banking in general, which saw some of the sharpest rises. This is the case of the Spanish BBVA and Santander, for example, which both advanced more than 3% on the stock market. The same happened with the British Barclays and the Italian UniCredit.
BCP is the only bank listed on the PSI and will present its first quarter results next Wednesday, May 15th, at a press conference. It should be noted that a General Shareholders’ Meeting is scheduled for a week later.
