Lisbon, April 22, 2026 (Lusa) – The Lisbon stock market traded higher on Wednesday, with 12 PSI (Portuguese Stock Index) companies recording moderate gains. Sonae led the rise, appreciating 1.23% to €1.98.
By 09:45 a.m in Lisbon, the PSI maintained its opening trend, rising 0.39% to 9,172.30 points. Twelve companies rose while four saw their share prices fall.
Following Sonae, shares in REN, Galp, and NOS gained, rising 0.94% to €3.75, 0.78% to €19.28, and 0.63% to €5.61, respectively. Altri, BCP, and Ibersol saw more moderate increases of 0.62% to €4.89, 0.36% to €0.88, and 0.33% to €12.04.
EDP rose 0.32% to €4.42, while Corticeira Amorim and EDP Renováveis appreciated 0.30% to €6.60 and €13.45. The other two companies gaining ground were Semapa (0.22% to €22.65) and Navigator (0.12% to €3.38).
Conversely, Jerónimo Martins and Mota-Engil dropped 0.58% to €20.50 and 0.29% to €4.89. Teixeira Duarte and CTT retreated, falling 0.12% to €0.43 and 0.08% to €6.45.
Major European stock markets opened mixed on Wednesday amid instability caused by the conflict in Iran. US President Donald Trump decided to maintain an indefinite truce despite expectations to the contrary, while the Strait of Hormuz remains closed.
The euro appreciated 0.05% to US$1.1750 on the Frankfurt currency market, compared to US$1.1744 on Tuesday.
Brent crude for June delivery, the European benchmark, fell 0.14% to US$98.34, while West Texas Intermediate (WTI) for June delivery, the US benchmark, dropped 0.37% to US$89.34. Natural gas for May delivery on the Dutch TTF market rose 0.46% to €42.125 per megawatt-hour (MWh).
Just hours before the truce was set to expire, President Trump reversed his previous stance and announced on Tuesday an indefinite ceasefire in Iran to allow more time for negotiations with the Tehran regime.
Reports have emerged that Iran attacked a container ship 15 nautical miles north-east of Oman, near the Strait of Hormuz.
Writing on his Truth Social network on Tuesday, Trump said he would extend the ceasefire until Iran's government, which he described as "gravely divided", presents "a proposal and concludes negotiations, whatever the outcome." US Vice-President JD Vance, who was scheduled to travel to Islamabad for a second round of talks with Iran, did not make the trip.
The US will maintain its blockade of Iranian ports, while Iran insists it will not negotiate under threat. The continued closure of the Strait of Hormuz remains the most significant factor, given its growing impact on energy supplies, inflation, and economic growth.
Major US indices ended Tuesday lower, with the Dow Jones and Nasdaq falling 0.59%. Futures point to gains of 0.50% for the Dow and 0.73% for the Nasdaq on Wednesday morning.
MC/RYOL // ADB.
Lusa
