Lisbon, Mar. 6, 2026 (Lusa) - The Lisbon stock market was trading higher on Friday morning, with REN shares leading the gains and rising 1.63% to €3.75, after the company announced a 4.8% increase in profits in 2025.
At around 9:10 a.m. in Lisbon, the PSI maintained its opening trend, rising 0.17% to 8,946.96 points, with 12 companies rising and 4 falling.
On Thursday, REN announced that it closed 2025 with a 4.8% increase in net income, which reached €159.8 million.
The result mainly reflects the increase in earnings before interest, taxes, depreciation, and amortisation (EBITDA), which stood at €516.1 million, up €10 million compared to the same period last year.
Operating profit in the domestic segment reached €490.5 million, up 1.4%, due to “increased infrastructure development activity with the aim of achieving the ongoing energy transition.”
REN shares were followed by Mota-Engil and Jerónimo Martins, which rose 1.39% to €4.68 and 1.31% to €21.58, respectively.
Also rising, Corticeira Amorim, Ibersol, and BCP shares advanced 0.94% to €6.42, 0.91% to €11.20, and 0.61% to €0.83.
Following the same trend, CTT, Galp, and EDP shares rose 0.59% to €6.81, 0.57% to €19.26, and 0.40% to €4.29.
The other three stocks that also gained value were Semapa (0.23% to €21.90), Altri (0.22% to €4.63), and Navigator (0.06% to €3.32).
In contrast, NOS, Sonae, and Teixeira Duarte shares fell 1.10% to €5.41, 0.73% to €1.89, and 0.21% to €0.47.
EDP Renováveis shares also fell 0.16% to €12.84.
The main European stock markets opened higher today, with gains of around 0.50%, partially recovering from Thursday's losses, buoyed by stabilising oil prices.
Oil, which has been driving markets in recent hours, is currently stable, with Brent rising 0.04%.
In the commodities market, Brent, the benchmark crude oil in Europe, for delivery in May, rose slightly to $85.58, up from $85.41 on Thursday but 17.4% above last Friday's level before the start of the conflict in the Middle East ($72.87).
West Texas Intermediate (WTI) crude oil, the US benchmark, fell 0.17% to $80.93.
The US Treasury Department may announce measures to combat rising energy prices due to the conflict with Iran, including possible measures related to the oil futures market, a White House official told CNBC.
Meanwhile, precious metals are appreciating moderately.
Wall Street ended Thursday in the red, with the Dow Jones Industrial Average falling 1.61% after a session marked by rising oil prices, and the Nasdaq technology index retreating 0.26%.
On Thursday, after a hesitant start, news of Iran's possible interest in negotiating led European indices to rise sharply, but then news that Iran had attacked an oil tanker and that the Strait of Hormuz was closed caused a sharp rise in oil prices, which, added to the negative opening of Wall Street, caused European indices to reverse.
Today, the US Department of Labour will release its non-farm employment report for January, and markets expect the US economy to continue creating new jobs at a moderate pace that month and for the unemployment rate to remain stable at 4.3%.
Investors will be paying close attention to the data's relevance in determining the US Federal Reserve's (Fed) monetary policy.
The euro remained at $1.1610 on the Frankfurt foreign exchange market, compared to $1.1609 on Thursday and $1.1980 on 27 January, a new high since June 2021.
MC/ADB // ADB.
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