Lisbon, June 23, 2025 (Lusa) - The Lisbon stock market was trading lower, with Mota-Engil and CTT shares falling 1.44% to €3.56 and 1.40% to €7.06.
At around 9:40 a.m. in Lisbon, the PSI maintained its opening trend and fell 0.60% to 7.400.36 points, against a new high since May 2014 of 7,545.86 points on 16 June, with 13 stocks falling and two rising (REN, +0.65% to €3.07, and Galp, +0.32% to €15.80).
Investors saw the shares of Mota-Engil and CTT, followed by those of Altri, BCP and EDP Renováveis, which fell 1.22% to €4.85, 1.18% to €0.65 and 1.17% to €9.69. More moderately, Semapa shares fell 0.85% to €16.24, as did NOS and Navigator, which both fell 0.79% to €3.76 and €3.27.
Shares in Ibersol, Sonae and Jerónimo Martins fell 0.64 per cent to €9.32, 0.51 per cent to €1.16 and 0.47 per cent to €21.02.
The other two stocks that fell were Corticeira Amorim and EDP, both down 0.38% to €7.77 and €3.66.
The main European stock markets opened mixed on Monday, following the United States’ attack on Iran’s three main nuclear facilities, in the week of the NATO summit in The Hague.
At this week’s NATO summit, leaders agreed to set a target of 5% of gross domestic product (GDP) for annual defence and security spending by 2035, with flexibility for Spain.
The Iranian army warned US President Donald Trump today that the “war” he started with Iran in the early hours of Sunday will end in Tehran and advised Washington to expect “consequential, regrettable and unpredictable outcomes” for attacks on its soil. Faced with this situation and the sword of Damocles hanging over the closure of the Strait of Hormuz, through which 20% of maritime oil traffic passes, crude oil prices rose by around 1%.
In the case of Brent, the benchmark in Europe, after rising above $81 per barrel this morning at the opening of the markets, it is now up 0.94% to $76.20.
Meanwhile, the American benchmark, West Texas Intermediate (WTI), rose 0.99% to $74.55 before the markets opened. Wall Street futures are mixed and virtually stable, with the Dow Jones Industrials down 0.06% and the S&P 500 and Nasdaq up 0.06% and 0.09% respectively.
Gold per troy ounce, a safe-haven asset, was down to $3,355.45, compared to $3,368.39 on Friday and $3,432.34 on 13 June, a new all-time high.
The euro fell to $1.1498 on the Frankfurt currency market, compared with $1.1523 on Friday and $1.1584 on 18 June, a new high since 9 November 2021.
MC/ADB // ADB.
Lusa
