Lisbon, June 20, 2025 (Lusa) - The Lisbon stock market was trading higher, with 12 of the 15 PSI stocks rising and BCP leading the gains, up 2.22% to €0.65.
At around 9:20 a.m. on Friday morning in Lisbon, the benchmark PSI (Portuguese Stock Index) was holding on to its opening trend and advancing 0.60% to 7,437.23 points, against the new high since May 2014 of 7,545.86 points, recorded on Monday, with 12 stocks rising, two falling (Galp, -0.56% to €15.91, and Ibersol, -0.43% to €9.36) and one maintaining its price (REN at €3.05).
BCP shares were followed by those of NOS, Semapa and EDP Renováveis, which were rising 0.80% to €3.78, 0.75% to €16.22 and 0.62% to €9.74.
More moderately, EDP, Altri and Sonae shares were gaining 0.44% to €3.66, 0.41% to €4.89 and 0.34% to €1.17.
Shares in Mota-Engil, Jerónimo Martins and CTT were up 0.33% to €3.63, 0.30% to €21.08 and 0.29% to €7.18.
The other two stocks that were above the waterline were Navigator and Corticeira Amorim, up 0.28% to €3.31 and 0.13% to €7.79.
The main European stock markets opened slightly higher today, after falling more than 1% yesterday, pending the conflict in the Middle East.
Investors are concerned about the possibility of the US intervening in the conflict between Israel and Iran, which began a week ago.
Meanwhile, today the European Commission (EC) publishes its preliminary reading of the June consumer confidence index for the eurozone, which is expected to have improved again, in line with May’s performance, although it remains at historically low levels.
The Wall Street stock market was closed on Thursday due to the Juneteenth national holiday, celebrating the liberation of the last slaves in the country.
In commodities, gold prices are falling and oil prices are rising.
Gold per troy ounce, a safe-haven asset, was down to US$ 3,352.16, compared to US$ 3,371.15 on Thursday and US$ 3,432.34 on June 13, a new all-time high.
Brent crude oil, the European benchmark, for August delivery is rising to US$ 78.85, compared with US$ 76.70 on Thursday, supported by fears of a disruption in oil supplies from the Middle East due to the war between Israel and Iran.
The euro is stronger rising to US$1.1515 on the Frankfurt currency market, compared with US$1.1457 on Thursday and US$1.1584 on June 18, 2021, a new high since November 9, 2021.
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