Lisbon, July 23, 2025 (Lusa) - The Lisbon stock market closed lower on Wednesday, bucking the trend in other European markets, under pressure from EDP group stocks, while Galp halted more significant declines.

Of the 15 listed companies that make up the benchmark PSI (Portuguese Stock Index), 10 closed in positive territory and the remaining five in the red. The national benchmark index closed down 0.37% at 7,717.75 points.

Leading the index's losses was EDP, whose shares fell 3.30% to €3.78. Its subsidiary EDP Renováveis fell 2.18% to €10.32.

REN suffered losses of over 1%, with its shares falling 2.30% to €3.18.

Going against the trend and avoiding more significant falls was oil company Galp, which rose 2.41% to €16.78, one day after announcing to the market that it will distribute an interim dividend of 31 cents per share to shareholders as an advance on this year's profits.

Semapa also posted gains of over 1%, rising 2.22% to €17.52, as did NOS, which rose 1.85% to €3.59, after Tuesday's 6% fall.

Altri added 1.57% to €4.86 on the day it completed the acquisition of 58.7% of Swiss sustainable textiles company AeoniQ, while Corticeira Amorim rose 1.32% to €7.69 per share and Navigator advanced 1.19% to €3.24.

The other main European stock markets had a positive day, following the optimism generated by the new tariff agreement signed by US President Donald Trump with Japan, with ‘reciprocal’ tariffs of 15%, which paves the way for progress in other negotiations.

The French CAC-40 rose 1.37%, the German DAX added 0.83%, the British FTSE 100 advanced 0.42% and the Spanish IBEX-35 gained 0.19%.

JMF/AYLS // AYLS

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