Lisbon, June 16, 2025 (Lusa) - The Lisbon stock market was trading higher on Monday, with the PSI at its highest level in more than 11 years and BCP shares leading the gains, rising 2.94% to €0.69. At around 9:35 a.m. in Lisbon, the PSI maintained its opening trend and rose 0.77% to 7,533.42 pts, a new high since May 2014, with 10 stocks rising, four falling and one maintaining its price (Corticeira Amorim at €7.82).
In a statement to the market, BCP announced that it had spent more than €110 million on the share buyback programme it is carrying out, having acquired 182,927,967 shares and holding 1.21% of its share capital.
The note, released by the Portuguese Securities Market Commission (CMVM), states that between 9 and 13 June, the bank acquired 9,519,403 ordinary shares representing its share capital under the programme.
The bank explained that, under its 2025-28 Strategic Plan, “it plans to implement share buyback programmes with the aim of ensuring, together with the payment of ordinary dividends, a distribution to shareholders of up to 75% of the consolidated net income generated from 2025 to 2028, subject to approval by the competent authorities”. Investors followed Galp, Altri and CTT after BCP shares, and these rose 1.01% to €15.94, 0.59% to €5.15 and 0.55% to €7.30.
More moderately, Navigator, NOS and EDP shares rose 0.48% to €3.32, 0.26% to €3.83 and 0.25% to €3.62. Semapa shares also rose 0.25% to €16.34.
The other two stocks that rose were Sonae and EDP Renováveis, with increases of 0.17% to €1.19 and 0.16% to €9.52, respectively.
In contrast, Ibersol and REN shares fell 0.98% to €10.1 and 0.66% to €2.99, as did Mota-Engil and Jerónimo Martins, which fell 0.64% to €4.05 and 0.19% to €21.52.
The main European stock markets opened higher today, amid the ongoing conflict in the Middle East between Israel and Iran, and ahead of the US Federal Reserve’s monetary policy meeting, whose decision the Fed will announce on Wednesday.
On today’s agenda, the eurozone will release its first quarter year-on-year labour costs, while in the US, the New York Fed will release its June manufacturing inquiry.
The Organisation of Petroleum Exporting Countries (OPEC) will also present its monthly report on crude oil supply and demand for June, coinciding with sharp price rises due to Israeli attacks on Iranian nuclear facilities.
Brent crude oil, the benchmark in Europe, for August delivery is up 0.44% at this time, with the price per barrel standing at $74.58. However, it rose more than 7% on the London futures market on expectations of continued oil supplies from the Middle East after Israel attacked Iran.
In Asia, the Nikkei index on the Tokyo Stock Exchange closed up 1.26%, while the benchmark index on the Shanghai Stock Exchange gained 0.35% and the Shenzhen index rose 0.41%.
The Bank of Japan (BoJ) began its two-day monetary policy meeting today, at which many analysts expect it to keep interest rates unchanged and possibly slow the pace of its bond purchases.
Wall Street closed last Friday with a drop of more than 1% in its indicators, after cross attacks between Israel and Iran, which generated volatility in the markets, causing oil prices to skyrocket and raising the price of gold to historic highs.
At this time, Wall Street futures are up 0.26% for the Dow Jones Industrials, 0.36% for the S&P 500 and 0.44% for the Nasdaq.
Gold per troy ounce, a safe-haven asset, was down to $3,413.95, but against $3,432.34 on Friday, a new all-time high.
The euro rose to $1.1577 on the Frankfurt currency market, a new high since 9 November 2021, compared to $1.1549 on Friday.
MC/ADB // ADB.
Lusa
