Lisbon, May 29, 2025 (Lusa) - The Lisbon stock market continues to trade slightly higher on Thursday morning, in line with the main European markets, with 11 stocks rising, more than 2% in the case of Altri and Ibersol, and four stocks falling.
At around 9:35 a.m. in Lisbon, the benchmark PSI (Portuguese Stock Index) was holding on to its opening trend and rising 0.13% to 7,370.58 points, with Altri and Ibersol standing out, with increases of 2.65% and 2.11% to €5.43 and €9.70, respectively.
Shares in CTT (+1.91% to €7.47), Mota-Engil (+1.72% to €4.48) and Corticeira Amorim (+1.69% to €7.81) were also up more than 1%.
Before the market opened, Empresa Construtora do Brasil, a subsidiary of Mota-Engil, announced another contract with Petrobras worth around 1.56 billion reais (around €240 million).
Also in the green were BCP, NOS and Galp Energia, which were up 0.97%, 0.91% and 0.61%, respectively, to €0.69, €3.89 and €14.09, as well as EDP Renováveis (+0.23% to €8.61), Navigator (+0.46% to €3.48) and Semapa (+0.57% to €17.66).
In the opposite direction, Sonae was leading the losses, falling 1.13% to €1.23, while Jerónimo Martins was down 0.98% to €22.28, REN off 0.68% to €2.90 and EDP shedding 0.20% to €3.49.
On Wednesday, REN submitted its report on the nationwide 28 April power blackout to the sector regulator (ERSE), requesting that it be considered an ‘exceptional event’.
European stock markets, except London, were trading slightly higher at the start of the session, after Wednesday's falls and the US International Trade Court's blocking of much of Trump's tariff policy early this morning.
At around 8.30a.m. in Lisbon, the EuroStoxx 600 was up 0.39% to 551.08 points.
Among the main European stock markets, only London was down, by 0.03%, while Frankfurt was rising 0.55%, Paris 0.97%, Madrid 0.04% and Milan 0.48%.
At the opening of the session, the euro was weaker, down 0.1% against the US dollar and was trading at US$1.127.
In Asia, the main index of the Tokyo Stock Exchange, the Nikkei, rose 1.88% today, due to the positive reception of the partial judicial blockade of the United States' tariff policy, which raised hopes that the new tariffs may have a limited impact on the global economy.
At the close of trading, the two main stock markets in mainland China - Shanghai and Shenzhen - recorded gains of 0.7% and 1.24%, respectively, while the benchmark index of the Hong Kong Stock Exchange, the Hang Seng, was up 1.21% a few minutes before closing.
Wall Street closed on Wednesday with its indicators in the red: The Dow Jones Industrials lost 0.58%, the selective S&P 500 fell 0.56% and the technological Nasdaq retreated 0.51%.
The New York stock market closed before the results of technology company Nvidia were known, which announced a profit of US$18.775 billion in the first quarter of its fiscal year, an increase of 26% over the previous year, but recorded costs of US$4.5 billion due to the impact of the licence required by the US to export to China.
Meanwhile, the US International Trade Court decided to block much of Donald Trump's tariff policy, considering that the US President exceeds his powers by imposing such taxes.
With regard to raw materials, gold fell 0.15%, with the price per ounce standing below US$3,300, at US$3,282.
The price of oil rose more than 1.50% due to supply concerns after the Organisation of Petroleum Exporting Countries and its allies (OPEC+) confirmed on Wednesday that it will maintain cuts to its crude oil supply, totalling 3.6 million barrels per day (mbd), until the end of 2026.
Brent, the European benchmark, rose 1.65% to US$65.38 per barrel, while West Texas Intermediate (WTI) rose 1.79% to US$62.94 before the official market opening.
In the debt market, the interest rate on 10-year German bonds rose to 2.579%.
Bitcoin, the best known and most widely used cryptocurrency on the market, rose 0.43% to US$107,790.
PD/AYLS // AYLS
Lusa
