Lisbon, Aug. 1, 2025 (Lusa) - The Lisbon stock market traded lower on Friday morning, with Jerónimo Martins shares falling 5.14% to €20.30.
At around 9:25 a.m. in Lisbon, the PSI maintained its opening trend and fell 0.82% to 7,648.75 points, with 10 stocks down, four up and one unchanged (Semapa at €17.16).
Jerónimo Martins announced today that its net profit grew 6.6% in the first half of the year compared to the same period last year, to €269 million.
Between January and June, sales by the owner of the Pingo Doce, Biedronka and Ara brands rose 6.7% to €17.396 billion (+6% at constant exchange rates) and earnings before interest, taxes, depreciation and amortisation (EBITDA) grew 10.3% to €1.148 billion (+9% at constant exchange rates). Shares in Mota-Engil, EDP, and EDP Renovávies followed Jerónimo Martins shares, and the prices fell by 1.38% to €4.43, 0.77% to €3.76, and 0.68% to €10.23, respectively.
More moderately, CTT, REN, and Galp shares also fell 0.68% to €7.35, 0.50% to €2.96 and 0.42% to €16.65.
Shares in Navigator, Sonae and Altri also fell, namely 0.26% to €3.09, 0.16% to €1.26 and 0.10% to €4.78. In contrast, shares in Ibersol, BCP and Corticeira Amorim rose 0.43% to €9.40, 0.42% to €0.72 and 0.26% to €7.82. On Wednesday, BCP announced that it had made a profit of €502.3 million in the first half of the year, an increase of 3.5% over the same period last year.
NOS shares rose 0.14% to €3.63.
The main European stock markets opened lower today, digesting the new trade tariffs that US President Donald Trump announced, which were initially scheduled to take effect today but that Trump postponed until 7 August.
Trump issued two executive orders setting out the global tariff framework shortly before the deadline he himself had set for negotiating taxes with his trading partners.
One of these orders increases tariffs on Canada, while the other regulates tariffs for the rest of the world.
These measures benefit most countries by reducing some taxes compared to what officials announced on 2 April, when Trump started the trade war. The tariff adjustment raised the tax to over 30% in countries that still await an agreement, such as Switzerland, Serbia and Myanmar. In the United States, Wall Street futures, which already closed lower yesterday, continue to fall.
In addition to tariffs, investors are watching economic data: in the eurozone, authorities will release the consumer price index (CPI), while in the US, the government will publish the official July employment report. In the UK, S&P Global will release its manufacturing PMI.
Brent crude oil, the benchmark in Europe, for October delivery, is retreating to $71.66, compared to $72.47 on Thursday. The euro rose to $1.1428 on the Frankfurt currency market, compared to $1.1423 on Thursday and a new high since 15 September 2021 of $1.1789 on 2 July.
MC/ADB // ADB.
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