Lisbon, Aug. 8, 2025 (Lusa) - The Lisbon stock market was trading higher on Friday morning, with the PSI rising to its highest level since May 2011 and Semapa shares leading the gains, advancing 1.92% to €18.08.
At around 9.20 a.m. in Lisbon, the benchmark PSI (Portuguese Share Index) was holding on to its opening trend and rising 0.57% to 7,806.48 points, a new high since 9 May 2011, with 10 stocks rising, four falling and one remaining unchanged (Ibersol at €9.64).
Semapa shares were followed by Navigator, Mota-Engil and Altri, which were up 1.78% to €3.31, 1.74% to €5.27 and 1.58% to €5.14.
More moderately, EDP Renováveis, EDP and REN shares were gaining 1.39% to €10.19, 1.25% to €3.72 and 1.01% to €2.99.
Shares in Galp, NOS and Corticeira Amorim were also above the waterline, rising 0.64% to €16.49, 0.54% to €3.73 and 0.39% to €7.70.
Going the other way, Jerónimo Martins, Sonae and CTT shares were falling 0.57% to €20.96, 0.31% to €1.29 and 0.26% to €7.59.
BCP shares were down 0.11% to €0.76.
The main European stock markets opened with moderate gains, after doubts on Wall Street due to the entry into force of new tariffs by US President Donald Trump.
Today there are no macroeconomic references of major impact on the market.
Most European markets remain optimistic today after a mixed session on Wall Street, where the main indicator, the Dow Jones Industrial, fell 0.51%, hurt by the implementation of the new tariffs.
In Asia, the trend was also mixed, although the Nikkei in Tokyo rose strongly.
In turn, the futures of the main US stock market indicators point to a rise of around 0.20% at the opening.
Today, the market will continue to monitor tariffs and the geopolitical situation, especially after the Israeli government's security cabinet approved a military plan proposed by Prime Minister Benjamin Netanyahu to occupy the city of Gaza early this morning.
Brent crude oil, the benchmark in Europe, for October delivery, is down to US$66.18, compared to US$66.43 on Thursday, after OPEC+ decided over the weekend to increase oil supply by 547,000 barrels per day starting on 1 September.
The euro is stronger, rising to US$1.1654 on the Frankfurt currency market, compared with US$1.1638 on Thursday and a new high since 15 September 2021 of US$1.1789 on 2 July.
MC/AYLS // AYLS
Lusa
