Lisbon, June 16, 2026 (Lusa) - The Lisbon stock market reversed its opening trend on Tuesday morning and was trading lower, in contrast to European markets, with construction firms Teixeira Duarte down 3.19% and Mota-Engil down 2.27%.
At around 9.35 in Lisbon, the PSI (Portuguese Stock Index) was down 0.31% at 9,018.01 points, with 11 companies falling, four rising and Ibersol unchanged at €10.60.
Teixeira Duarte was the biggest loser, falling 3.19% to €0.46 per share, followed by Mota-Engil, down 2.27% to €4.74.
Nos and Sonae also fell by more than 1%, with the former dropping 1.50% to €5.24 and the latter falling 1.11% to €1.95.
Also in the red were Altri (-0.59% to €5.07), Galp (-0.43% to €18.35), Navigator (-0.28% to €3.52), Semapa (-0.22% to €23.1), CTT (-0.17% to €6.02), Corticeira Amorim (-0.15% to €6.56) and EDP Renewables (-0.07% to €13.47).
Conversely, Millennium BCP was the top performer, rising by 0.47% to €0.98.
Behind the bank were energy sector companies EDP (+0.18% to €4.44) and REN (+0.14% to €3.54), and Jerónimo Martins (+0.11% to €17.68).
The main European stock markets were trading in positive territory today, whilst awaiting the release of details of the peace agreement between the United States and Iran, as well as the date for the reopening of the Strait of Hormuz.
The positive performance on the main European markets follows the previous day’s gains on Wall Street’s three major indices, a session in which the Dow Jones gained 0.92%, the S&P 500 rose 1.65% and the Nasdaq climbed 3.07%.
Investors are awaiting the release of details of the peace agreement which, according to the United States administration, could be reached within the next 24 to 48 hours.
Similarly, US President Donald Trump said that the Strait of Hormuz, a key route for the transport of hydrocarbons such as oil, is already partially open and expressed confidence that traffic could be fully restored by Friday.
In light of these developments, the August Brent crude contract – the benchmark for Europe, which had fallen by almost 5% the previous day – was down 1.29% at US$82.10, whilst the WTI contract – the benchmark for the US – fell by 0.07% to US$80.69.
The euro was trading at US$1.158 on the first day of a US Federal Reserve (Fed) meeting, which ends on Wednesday and is the first since Kevin Warsh became chairman. Despite the changes in the leadership of this body, the markets do not anticipate any changes to key interest rates.
Gold rose 0.40% to US$4,326.19 and silver fell 0.10% to US$69.91, whilst bitcoin was trading at US$66,493.30.
JO/AYLS // AYLS
Lusa
