Lisbon, May 8, 2026 (Lusa) – The Lisbon stock market traded lower on Friday, with 12 of 16 companies falling, led by Navigator and Jeronimo Martins, which lost 2.67% to €3.21 and 2.60% to €18.74.
Around 9:20 a.m. in Lisbon, the PSI (Portuguese Stock Index) accentuated the opening trend and fell 0.95% to 9,047.78 points, with 12 companies falling, three rising and one maintaining its price (Ibersol at €12.00).
Navigator announced on Thursday that it had recorded a €17.2 million profit in the first quarter, a 64.3% drop compared to the same period in 2025.
"Net profit was €17.2 million compared to €27 million in the previous quarter and €48.3 million in the same period last year," a statement sent to the CMVM (Portuguese Securities Market Commission) said.
Jeronimo Martins announced on Wednesday that profit fell 6.8% in the first quarter, compared to the same period in 2025, to €119 million.
The company, which owns the Pingo Doce, Biedronka and Ara supermarket chains, attributed the result to “the quarterly impact of interest expenses and exchange-rate differences linked to lease capitalisation under IFRS 16” (international lease accounting rules).
REN, Teixeira Duarte and CTT shares followed Navigator and Jeronimo Martins, falling 2.43% to €3.61, 1.39% to €0.43 and 1.10% to €6.29.
REN announced on Thursday it had recorded a €36.2 million profit in the first quarter of 2026, an improvement of €21.8 million compared to the same period in 2025.
"Net profit improved compared to the previous year, reaching €36.2 million (+€21.8 million)," compared to €14.4 million recorded in the first quarter of 2025, a company statement said.
EDP, Semapa and BCP fell more moderately, dropping 0.68% to €4.37, 0.63% to €23.80 and 0.62% to €0.93.
Sonae and Mota-Engil lost 0.52% to €1.93 and 0.49% to €4.83, while Corticeira Amorim and Altri fell 0.43% to €7.00 and 0.30% to €4.97.
Conversely, Galp, EDP Renovaveis and NOS rose 0.87% to €19.04, 0.22% to €13.90 and 0.10% to €5.21.
The main European bourses opened Friday's final session with moderate falls as investors awaited the Iranian response to a US memorandum of understanding.
The euro rose slightly, up 0.16% to $1.1745 in the Frankfurt currency market.
Dow Jones and Nasdaq futures pointed to gains of 0.11% and 0.48%, respectively.
As oil prices rose moderately, investors adopted a cautious stance on Friday while they waited for Iranian authorities to respond to a 14-point memorandum of understanding Pakistani mediators delivered on behalf of the US government to resume peace negotiations.
Brent crude, the European benchmark, for July delivery, rose 0.46% to $100.51, while West Texas Intermediate (WTI), the US benchmark, for July delivery, rose 0.05% to $91.11.
Natural gas for one-month delivery on the Dutch TTF market, the European benchmark, rose 2.22% to €44.52 per megawatt-hour (MWh).
The US government will publish the April employment report on Friday afternoon.
Analysts expect the economy to continue generating net jobs, though at a moderate pace, with the unemployment rate steady at a historically low 4.3%.
Precious metals rose slightly, with gold increasing 0.28% to $4,699.12 an ounce and silver 1.25% to $79.44.
MC/LYT // ADB.
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