LUSA 02/07/2026

Lusa - Business News - Portugal: Stock market still rising unlike European counterparts

Lisbon, Feb. 6, 2026 (Lusa) - The Lisbon stock market traded higher on Friday, with BCP shares rising 0.98% to €0.91 and Jerónimo Martins shares falling 1.67% to €19.96.

At around 9:25 a.m. in Lisbon, the PSI maintained its opening trend and rose 0.18% to 8,794.65 points, with seven stocks rising, eight falling and one remaining unchanged (Ibersol at €10.70).

The PSI ended Wednesday's session at 8,881.79 points, a new high since October 2009.

BCP shares were followed by Galp, CTT and Mota-Engil, which also rose 0.85% to €17.15, 0.83% to €7.27 and 0.82% to €4.67, respectively.

Following the same trend, EDP Renováveis, EDP and REN shares rose 0.54% to €13.07, 0.49% to €4.30 and 0.14% to €3.52.

In contrast, after Jerónimo Martins shares, the biggest fallers were Altri (-0.89% to €4.45), Corticeira Amorim (-0.87% to €6.80) and Navigator (-0.74% to €3.23).

Semapa and Sonae shares fell 0.45% to €22.25 and 0.44% to €1.83.

The other two shares that fell in price were Teixeira Duarte (-0.41% to €0.49) and NOS (-0.11% to €4.55).

The main European stock markets opened lower on Friday amid a volatile environment driven by geopolitical risks, a decline in precious metals, and Thursday's collapse of bitcoin, which is recovering today.

European stock markets continued to reap profits today after strong cumulative gains, with technology companies recording sharp declines, as did precious metals and bitcoin, while the ECB kept rates at 2% in a session focused on trade data from Germany and France.

In Europe, the 2025 foreign trade data for Germany and France are being published today.

Wall Street stock futures are down slightly, with the Nasdaq down 0.56% and the Dow Jones down 0.15%, after ending Thursday with sharp declines.

Amazon shares fell 9% on Thursday at the end of the session on Wall Street after the company reported a 31% increase in net profit compared to the previous year, but investors were disappointed by the capital expenditure forecast for this year.

In the US, the University of Michigan will release the preliminary February reading of the consumer confidence index, and analysts' consensus expects this leading indicator of activity to fall slightly from the final January reading, remaining at historically low levels.

As for precious metals, gold is down 0.77% and remains below $5,000 per ounce, while silver is down 6.72% after reaching highs at the end of January.

In the commodities market, Brent, the benchmark crude oil in Europe, for April delivery, rose more than 1% to $68.26, compared to $67.55 in the previous session, as the market once again placed a geopolitical risk premium on Iran in the face of a lack of agreement in the negotiations.

Bitcoin, after falling 12% to $63,400 on Thursday, is recovering, up 2.73% to $64,804.5.

The euro fell to $1.1790 on the Frankfurt foreign exchange market, compared to $1.1801 on Thursday and $1.1980 on 27 January, a new high since June 2021.

MC/ADB // ADB.

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