Lisbon, April 1, 2026 (Lusa) - The Lisbon stock market traded higher on Wednesday, with 15 PSI (Portuguese Stock Index) companies gaining value. Mota-Engil led the rise, climbing 4.61% to €4.63, while Galp fell 2.09% to €20.57.
The PSI maintained its opening trend around 9:25 a.m in Lisbon, rising 1.25% to 9,245.35 points. This brings the index closer to the 9,295.90 peak recorded on 25 February, its highest value since June 2008.
BCP, Teixeira Duarte, and CTT followed Mota-Engil’s shares, climbing 3.94% to €0.86, 3.89% to €0.43, and 2.99% to €6.21, respectively.
EDP Renováveis, EDP, and Ibersol saw gains, rising 1.90% to €13.95, 1.68% to €4.60, and 1.39% to €10.95.
Semapa, Sonae, and Navigator posted more moderate increases of 1.13% to €22.45, 1.04% to €1.93, and 0.89% to €3.39.
Jerónimo Martins, REN, and Altri shares climbed 0.88% to €20.74, 0.67% to €3.76, and 0.41% to €4.91.
NOS (up 0.18% to €5.45) and Corticeira Amorim (up 0.15% to €6.50) recorded gains.
The main European markets opened sharply higher, advancing more than 2%, as investors await a speech by US President Donald Trump regarding a "major update" on the war in Iran.
The euro rose 0.30% to $1.1588 in the Frankfurt currency market, compared to $1.1553 on Tuesday.
Oil prices dropped sharply following an announcement by White House spokesperson Karoline Leavitt that Trump would make a statement on the Iran war at 2:00 a.m Lisbon time on Thursday.
Trump’s message will arrive in the early hours of the European morning. On Tuesday, the President said that he had met his objectives in Iran and expects a withdrawal within two to three weeks, by mid-April.
Trump said he would leave the security of the Strait of Hormuz to other countries interested in regional oil transit, specifically mentioning France and China, following his upcoming withdrawal from the Middle East.
Brent crude, the European benchmark for June delivery, fell 4.44% to $99.35. Meanwhile, West Texas Intermediate (WTI) for May delivery, the US benchmark, dropped 3.94% to $97.39.
Natural gas for May delivery on the Dutch TTF market, the European reference, shed 5.26% to €48.04 per megawatt-hour (MWh).
US index futures point to gains of 0.64% for the Dow Jones and 1% for the Nasdaq. On Tuesday, these indices closed up 2.49% and 3.83%, respectively.
MC/RYOL // ADB.
Lusa
