Lisbon, May 6, 2026 (Lusa) – The Lisbon stock market traded lower on Wednesday, with NOS falling 7.75% to €5.12 while Mota-Engil and CTT led gains, rising over 2.3%.

Around 9:30 a.m. in Lisbon, the PSI (Portugal Stock Index) reversed its opening trend and fell 0.12% to 9,153.45 points, with four companies falling and 12 rising.

Besides NOS, Galp, EDP Renovaveis, and Altri also dropped 2.42% to €19.38, 1.83% to €13.94, and 0.40% to €5.02 respectively.

Conversely, Mota-Engil and CTT shares led gains, climbing 2.48% to €4.79 and 2.3% to €6.22.

Shares in Teixeira Duarte, BCP, and Jeronimo Martins followed, rising 1.90% to €0.43, 1.73% to €0.90, and 1.66% to €20.16. Semapa, Sonae, and Ibersol rose more moderately by 0.85% to €23.65, 0.83% to €1.94, and 0.67% to €12.02, while REN gained 0.54% to €3.72.

The other three gaining companies were Corticeira Amorim (0.30% to €6.75), Navigator (0.24% to €3.37), and EDP (0.06% to €4.35).

Main European bourses opened higher on Wednesday as oil prices fell following progress toward a deal to end the war in Iran.

The euro rose 0.28% to $1.1728 on the Frankfurt exchange market.

Markets remain optimistic as Brent crude, the European benchmark, dropped 1.49% to $108.26 for July delivery.

U.S. President Donald Trump announced on Tuesday the suspension of 'Project Liberty', an operation launched to militarily secure ship transit through the Strait of Hormuz (a key route for global energy trade) at Pakistan's request.

He said on social media that the decision follows "considerable progress toward a deal" with Iran.

This came hours after the US secretary of state, Marco Rubio, said the offensive against Tehran launched on 28 February had "ended" and that a new "defensive" phase began to facilitate navigation in the Strait of Hormuz.

MC/LYT // ADB.

Lusa