LUSA 07/08/2025

Lusa - Business News - Portugal: Stocks fall bucking trend in Europe, EDP group leads losses

Lisbon, July 7, 2025 (Lusa) - The Lisbon stock market closed in negative territory on Monday, bucking the positive sentiment among its main European counterparts, with the EDP group leading the losses.

The PSI benchmark index fell 0.57% to 7,732.97 points, with nine of the 15 listed companies in the red and the rest in positive territory.

The EDP family led the declines, with subsidiary EDP Renováveis dropping 2.67% to €10.21 and parent company EDP falling 1.79% to €3.78.

Corticeira Amorim also saw losses of over 1%, falling 1.35% to €8.04, and Altri fell 1.10% to €4.93.

At the opposite end of the spectrum, CTT rose 3.46% to €7.77, as did Mota-Engil, which rose 2.56% to €4, and BCP, which fell 0.24% to €0.67.

In Europe, the day was mostly positive, with Paris adding 0.35%, Frankfurt rising 1.20% and Madrid gaining 0.73&.

The focus this week will be on trade tensions, with the United States beginning to send letters to countries with which it has not yet signed trade agreements to notify them of the tariffs it will impose from 1 August.

This comes after months of pressure and adjustments that resulted in agreements with the United Kingdom, Vietnam and China.

Meanwhile, the European Union, Japan, South Korea and India are trying to speed up their negotiations.

MES/ADB // ADB.

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