Lisbon, March 13, 2026 (Lusa) - The Lisbon stock market was trading lower on Friday, with 15 PSI companies losing value, led by Teixeira Duarte and Semapa, which fell more than 3%.
At around 9:40 a.m. in Lisbon, the PSI maintained its opening trend and fell 0.53% to 9,103.75 points, with 15 companies down and only Jerónimo Martins up, namely 0.27% to €22.24.
Teixeira Duarte and Semapa shares fell 3.30% to 0.44 euros and 3.14% to 21.60 euros, respectively.
Teixeira Duarte and Semapa shares were followed by Mota-Engil and CTT, which fell 2.73% to 4.43 euros and 2.33% to 6.70 euros.
Shares in Navigator, Altri and BCP fell by more than 1%, down 1.67% to €3.30, 1.58% to €4.63 and 1.12% to €0.79, respectively.
More moderately, Corticeira Amorim, Ibersol, and EDP Renováveis shares were down 0.94% to €6.32, 0.93% to €10.60 and 0.89% to €13.30, respectively.
Sonae and NOS shares fell 0.72% to €1.94 and 0.56% to €5.29.
The other three shares that also fell in value were EDP (-0.48% to €4.38), REN (-0.26% to €3.83) and Galp (-0.05% to €20.57).
The main European stock markets opened lower again, with falls of less than 1%, dragged down by the conflict in the Middle East and rising oil prices above $100 a barrel.
Rising oil prices continue to determine the direction of the markets, despite the largest release of strategic reserves in history, carried out last Wednesday by the International Energy Agency (IEA), of 400 million barrels.
The closure of the strategic Strait of Hormuz due to the war between the United States, Israel and Iran is causing supply disruptions and price increases in multiple global markets, not only for oil and natural gas, but also for raw materials such as fertilisers, sulphur, helium, aluminium and other factors of production for industry, according to analysts and specialised media cited by Efe.
Added to this are the first public statements by Iran's new supreme leader, Mojtaba Khamenei, who said the Strait of Hormuz would remain closed to put pressure on the enemy.
At this time, the price of Brent crude oil, the benchmark in Europe, for May delivery, rose to $102.54, and West Texas Intermediate (WTI), the benchmark in the US, for April delivery, rose to $97.53 per barrel.
Natural gas for April delivery on the TTF market in the Netherlands, the European benchmark, rose to €51.82 per megawatt-hour (MWh), up from €50.87 on Thursday.
The euro fell 0.42% to $1.1438 on the Frankfurt foreign exchange market, compared with $1.1573 on Thursday and $1.1980 on 27 January, a level not seen since June 2021.
The instability is also affecting precious metals, with gold falling 0.75% and silver retreating 3.30%.
The Wall Street stock market closed lower on Thursday, and index futures are currently pointing to declines of 0.52% and 0.60% today, respectively.
In the debt market, German 10-year bond yields rose to 2.962%, a high since October 2023, compared to 2.955% on Thursday.
MC/ADB // ADB.
Lusa
