Lisbon, July 16, 2026 (Lusa) - The Lisbon stock market was trading lower on Thursday morning, with the PSI falling by more than 1% to below 9,000 points and the two EDP shares losing more than 1.8% in value.
EDP and EDP Renewables led the declines, falling by 1.88% to €4.49 and 1.85% to €13.79, respectively.
At around 9.20 am in Lisbon, the benchmark PSI (Portuguese Stock Index) was down 1.05% to 8,989.87 points, with 12 companies falling, three rising and one remaining unchanged (Semapa at €20.05).
The shares of the two EDP companies were followed by those of Sonae, Teixeira Duarte and Galp, which fell by 1.67% to €2.06, 1.59% to €0.47 and 1.42% to €18.79.
NOS, Mota-Engil and BCP also fell in value, by 1.06% to €4.87, 0.97% to €4.48 and 0.81% to €1.04 respectively.
REN and Corticeira Amorim fell by 0.55% to €3.62 and 0.31% to €6.37 respectively.
The other two companies whose share prices fell were Ibersol (-0.22% to €9) and Jerónimo Martins (-0.18% to €16.19).
Conversely, CTT and Navigator both rose by 0.26% to €5.72 and €3.13 respectively, whilst Altri rose by 0.11% to €4.66.
In Europe, the main stock markets opened lower today, amid renewed tit-for-tat attacks between Washington and Tehran, following the falls recorded by Asian stock markets.
The euro is stronger, rising by 0.08% against the dollar and is trading at $1.1472 on the Frankfurt foreign exchange market.
Iran stated today that it had again attacked US military targets in Jordan, Kuwait and Bahrain, in a new wave of operations against US facilities in the Middle East in response to the air strikes carried out early this morning against Iranian territory.
Corporate earnings, however, are taking centre stage in the markets, overshadowing political instability.
In this trading session, oil prices are falling, with the price of Brent crude – the European benchmark for September delivery – down 0.31% to $84.69.
In this trading session, the market is keeping a close eye not only on the air strikes between the US and Iran and the passage of ships through the Strait of Hormuz, but also on technology stocks following Wednesday’s losses in the semiconductor and artificial intelligence (AI) sectors.
It has just been reported that the Taiwanese company TSMC, the world’s largest manufacturer of advanced chips, posted a profit of 706,560 million Taiwanese dollars ($21.977 billion, €19.163 billion) in the second quarter, up 77.4% on the same period last year.
Stock market futures on Wall Street point to the Dow Jones stabilising and the Nasdaq falling by 0.31%.
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