Lisbon, March 17, 2026 (Lusa) - The Lisbon stock market was trading up on Tuesday morning, with 11 of the PSI (Portuguese Stock Index) shares rising, led by Galp, which was up 2.08% to €21.13.
At around 9:50 a.m. in Lisbon, the benchmark PSI maintained its opening trend and was up 0.82% to 9,204.31 points, with 11 companies up, three down and two maintaining their price (Ibersol at €10.85 and Semapa at €21.55). Galp's shares were followed by those of EDP Renováveis, Mota-Engil and EDP, which rose by more than 1%, specifically 1.65% to €13.59, 1.47% to €4.43 and 1.05% also to €4.43, respectively.
REN, NOS and Navigator shares rose 0.78% to €3.88, 0.74% to €5.41 and 0.67% to €3.29.
More moderately, Jerónimo Martins and Sonae rose 0.53% to €22.58 and 0.40% to €1.98.
The other two shares that also rose were Corticeira Amorim (0.31% to €6.39) and Teixeira Duarte (0.23% to €0.44).
In the opposite direction, shares in CTT, Altri and BCP fell 0.59% to €6.75, 0.32% to €4.64 and 0.05% to €0.79.
Main European stock markets were up Tuesday despite rising tensions in the Middle East following the intensification of Iranian attacks on energy infrastructure in the Persian Gulf, and were keeping an eye on central banks. Wall Street futures are pointing to falls at this hour of 0.54% for the Nasdaq and 0.41% for the Dow Jones.
In the last few hours, it was confirmed that Iran continues to allow certain ships associated with Iranian interests to pass through the strait. In the last 24 hours, around 12 ships have passed through the strait, with destinations such as China and Pakistan, which reaffirms Iranian control of Hormuz.
On Tuesday morning, the price of Brent crude, the benchmark for Europe, for May delivery, rose 3.45% to US$103.90, amid expectations that US President Donald Trump would announce a coalition of countries to escort boats through the Strait of Hormuz.
In this sense, countries such as Japan, Australia or Germany refused to be part of it.
Natural gas for April delivery on the Dutch TFF market, the European benchmark, rose to €52.305 per megawatt-hour (MWh), compared to €50.887 on Monday.
In Tuesday's session, markets are also paying special attention to central bank policy.
For now, the Reserve Bank of Australia (RBA) decided to raise the official interest rate by 25 basis points on Tuesday to 4.10%, against a backdrop of renewed inflationary pressures driven by internal factors and rising energy costs due to the conflict in the Middle East.
The US Federal Reserve (Fed) meeting also begins Tuesday, and its decision on monetary policy will be known on Wednesday, while the European Central Bank (ECB) decision will only be known on Thursday.
In both cases, forecasts point to interest rates remaining in the 3.50%-3.75% range in the first case and 2% in the second.
The euro is stronger, rising to US$1.1514 on the Frankfurt foreign exchange market, compared to $1.1505 on Monday and $1.1980 on 27 January 2021, a new high since June 2021.
MC/LYT // AYLS
Lusa
