Lisbon, Feb. 26, 2026 (Lusa) - The Lisbon stock market is trading slightly lower this Thursday morning, with Semapa and EDP shares falling 1.24% to €23.80 and 1.23% to €4.43, respectively.
At around 9:30 a.m. in Lisbon, the benchmark PSI (Portuguese Share Index) had reversed its opening trend and was falling 0.03% to 9,294.22 points, with six companies down, eight up and two maintaining their prices (Navigator at €3.41 and Teixeira Duarte at €0.52), after closing on 25 February at a new high since June 2008 of 9,295.90 points.
On Wednesday, electricity company EDP announced that it closed 2025 with a net profit of €1.15 billion, an increase of 44% compared to around €800 million the previous year.
EBITDA (earnings before interest, taxes, depreciation and amortisation) rose 5% to €5.0258 billion.
The results reflect the "strong contribution from EDP Renováveis (+€550 million), partially offset by lower electricity sales prices in Portugal and Spain and currency depreciation in Brazil," the company explained in a statement sent to the market regulator, the Portuguese Securities Market Commission (CMVM).
Semapa and EDP shares were followed by EDP Renováveis, Ibersol and Corticeira Amorim, which were down by 1.04% to €13.36, 0.87% to €11.35 and 0.44% to €6.85.
CTT shares were off by 0.14% to €7.23.
In the opposite direction, NOS shares were leading the gains, rising 2.38% to €5.16.
Following the same trend, BCP, Mota-Engil and Sonae shares were up by 1.01% to €0.92, 0.75% to €5.39 and 0.50% to €2.01.
REN and Altri shares were rising by 0.39% to €3.94 and 0.21% to €4.84, and the other two shares that gained value were Galp (0.11% to €18.27) and Jerónimo Martins (0.09% to €21.94).
The main European stock markets were mixed today, cautious in the face of the threat of the consequences of AI advances after Wednesday's results from Nvidia and the nuclear talks between the US and Iran.
Among the highlights on the day's agenda in Europe are the publication of money supply and private sector credit growth, as well as the eurozone economic sentiment indicator, while in the US, initial weekly unemployment claims will be published before the Wall Street opening.
Meanwhile, the publication of corporate results continues.
Wall Street futures point to slight declines of 0.17% for the Dow Jones Industrial Average and 0.10% for the Nasdaq, after US chipmaker Nvidia ended its fiscal year (which does not follow the calendar year) with a profit of US$120.067 billion, up 65% from the previous year, according to the results presented.
The price of gold, historically considered a safe haven asset in times of uncertainty, was rising today, with an ounce trading at US$5,181.06, after ending at a new all-time high of US$5,335.09 on 29 January.
Silver was down to US$87.3976 an ounce, after rising to an all-time high of US$117.1580 on 26 January.
In the commodities market, Brent crude oil, the European benchmark, for April delivery is rising 0.10% to US$71.00.
The euro is weaker, falling to US$1.1806 on the Frankfurt currency market, compared with US$1.1810 on Wednesday and US$1.1980 on 27 January, a new high since June 2021.
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