Currently, there is a joint fear that the world economy ends is ending up derailing, this because of the ravages that have been in most stock markets in the world, and from there you can see a great contrast to the Portugal Stock Exchange, whose value has increased by 7.8% in 2022, making it the true “Iberian exception”.
How has the Portugal bag climbed?
The reason why the Lisbon stock market, capital of Portugal, has a rise in value, compared to other markets in the world, is that the composition of the Portuguese index, PSI 20, is formed only from 15 components, and just several of these sectors have been the ones that have best behaved in 2022, such as energy, raw materials and renewable companies.
The company that has registered a better performance is Greenvolt, a company that has increased its value by 47% so far from 2022, contributing 15% to the new rise in the Portugal Stock Exchange. Other companies that have benefited from the increase in the price of energy and raw materials have been the Petroleum Galp Energía, rising 27%, the Semapa Industrial Holding with 21%and Navigator with 16%.
At the same time that the Lisbonense bag has had a good evolution, some of the other stock market rates have suffered strong falls, being one of the most prominent the decrease in the fall of the technological Nasdaq in Wall Street that has been 24%, and the US S&P 500 that has reached 16.5%. Even other European stock markets have had similar falls, such as the Italian FTSE, the German Dax and the selective Euro Stoxx 50 that have lost 20% since the beginning of January 2022, the French CAC 40 that has subtracted 15.5% and to the Ibex 35 of Portugal that is around 10%.
Implications of the climb in the Portugal Stock Exchange
For Spain, the good trajectory of the Lisbon Stock Exchange is no surprise, since the fact that it has companies that benefit in the extreme case, such as the 2022, has been used by the country before. This, having several Spanish managers investing in Spanish companies.
At least, one of the largest investors of Cobas Iberia in Francisco García Paramés is Elecnor, which is $ 9.1 of its fund, as well as Azvalor Iberia that has among its main managers the retail company Sonaecon, or Semapa, one of the largest industrial groups in Portugal, which has numerous investments in Secil and Etsa.
In fact, it is thanks to the fact that it has taken advantage of at times of the good behavior of the Portuguese bank, the raw materials and the renewables that the Spanish stock market has had a lower fall, compared to the rest of European indices. Although, it is true that the IBEX 35 has had a drop in 2022, has been able to preserve a most of its intact resources.