Lisbon, Sept. 11, 2025 (Lusa) - The Lisbon stock market was trading higher on Thursday morning, with the 15 PSI-listed companies rising, and Mota-Engil shares leading the gains, rising 3.07% to €5.07.
At around 9:25 a.m. in Lisbon, the benchmark PSI (Portuguese Share Index) was holding its opening trend and rising 0.74% to 7,786.20 points.
On Tuesday, Mota-Engil announced that it expects to sign, by the end of the year, the contract for the concession of the tunnel between the cities of Santos and Guarujá, in Brazil, after winning the public tender last Friday.
In a note published by the Portuguese Securities Market Commission (CMVM), the company confirmed that ‘on 5 September [Friday], through its subsidiary Mota-Engil Latam Portugal, S.A., it won the bid for the concession of the tunnel that will connect the cities of Santos and Guarujá, on the coast of São Paulo in Brazil" .
Mota-Engil also said that "the concession, whose investment will total around 8.0 billion reais, equivalent to €1.255 billion, of which up to 5.8 billion reais will come from public contributions divided equally between the São Paulo state government and the federal government, with the remainder being the responsibility of the concessionaire, will have a duration of 30 years.
Mota-Engil's shares were followed by those of Corticeira Amorim, NOS and Altri, which were rising 1.74% to €7.61, 1.15% to €3.96 and 0.81% to €4.98.
More moderately, Sonae, Galp and Jerónimo Martins shares were up 0.78% to €1.30, 0.75% to €16.08 and 0.74% to €21.80.
Semapa shares were rising 0.56% to €18.04, while Navigator and CTT shares were both gaining 0.55% to €3.28 and €7.30.
Similarly, Ibersol, EDP and REN shares were on the rise by 0.50% to €10.05, 0.24% to €3.80 and 0.17% to €2.98.
BCP and EDP Renováveis shares were also advancing, rising 0.17% to €0.72 and 0.10% to €10.07, respectively.
The main European stock markets opened higher today, pending the European Central Bank's (ECB) decision on interest rates, which are likely to remain at 2% and August inflation data in the US.
Markets are eagerly awaiting the ECB's decision and the statements that will be made afterwards by the institution's president, Christine Lagarde, at a particularly politically complicated time for France, which has led to an increase in its risk premium.
Markets will also be watching the US CPI data for August, as well as initial weekly unemployment benefit claims.
Wall Street stock market futures are advancing with slight gains of 0.15% for the Dow Jones and 0.19% for the Nasdaq.
In the debt market, French 10-year bond yields fell to 3.452% from 3.461%, while German yields rose to 2.654% from 2.650%.
In the commodities market, gold per troy ounce, a safe-haven asset, was falling to US$3,628.28, compared to US$3,642.92 in the previous session and the new all-time high of US$3,645.09 recorded on Tuesday.
Oil, after rising in recent days due to the risk of secondary tariffs for buyers of Russian oil, is also trading lower.
Brent, the benchmark crude oil in Europe, for November delivery, is retreating to US$67.38, compared to US$67.49 on Wednesday.
The euro was weaker, falling to US$1.1695 on the Frankfurt foreign exchange market, compared to US$1.1706 on Wednesday and the new high since 15 September 2021 of US$1.1789 on 2 July.
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