LUSA 10/02/2025

Lusa - Business News - Portugal: Stocks trading higher with Galp, EDP Renováveis çeading gains

Lisbon, Oct. 1, 2025 (Lusa) - The Lisbon stock market maintained its opening trend and traded higher, with shares in Galp and EDP Renováveis leading the gains and rising 1.65% to €16.36 and 1.61% to €11.38, respectively.

At around 9:45 a.m. in Lisbon, the PSI, which has 16 companies since 22 September, maintained the opening trend and advanced 0.13% to 7,968.30 points, with six shares rising, eight falling and two remaining unchanged (Altri at €5.01 and Ibersol at €10).

Galp and EDP Renováveis shares were followed by REN, EDP and Semapa, which rose 0.98% to €3.09, 0.45% to €4.06 and 0.44% to €18.34, respectively.

Navigator shares were also up, 0.18% to €3.28.

On the other hand, shares in Mota-Engil, Jerónimo Martins and BCP fell 1.86% to €5.01, 1.26% to €20.44 and 0.88% to €0.75.

Shares in CTT, Corticeira Amorim and Teixeira Duarte also fell, respectively by 0.83% to €7.19, 0.42% to €7.17 and 0.38% to €0.53.

The other two shares to fall were Sonae and NOS, down 0.30% to €1.33 and 0.26% to €3.88.

The main European stock markets opened lower today, except for London, following the activation of the US federal government shutdown, which for the time being only affects non-essential services.

In the US, the inability of Republicans and Democrats to reach an agreement on the budget before today's deadline has triggered a federal government shutdown, which, for the time being, affects non-essential services, but which could jeopardise other functions of the US Central Administration if the legislative blockade continues.

Although on the stock market, according to analysts quoted by Efe, history has shown that this type of event usually has mild consequences for the financial markets, the most important thing is the proximity of the employment data, which was due to be published next Friday and it is now unknown whether it will be published.

In Europe, the eurozone's manufacturing PMI will be released, as well as the preliminary CPI estimate for September.

The Nikkei index on the Tokyo Stock Exchange closed down 0.84% on a day when investors would not be able to count on the Asian stock markets, which will remain closed due to the People's Republic of China's National Day.

Wall Street futures reacted at the end of the day with falls of 0.60 % for the Dow Jones and 0.98 % for the Nasdaq.

On the commodities market, gold per troy ounce, a safe haven asset, was advancing to a new all-time high of $3,870.61, up from $3,846.09 on Tuesday.

Brent, Europe's benchmark crude oil for December delivery, is rising, but to $66.43, up from $66.03 on Monday.

The euro retreated to $1.1752 on the Frankfurt exchange market, down from $1.1757 on Tuesday and a new four-year high of $1.1865 on 16 September.

MC/ADB // ADB.

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