LUSA 10/03/2025

Lusa - Business News - Portugal: Stock market trading lower on Thursday morning, Navigator off 2.37%

Lisbon, Oct. 2, 2025 (Lusa) - The Lisbon stock market had reversed its opening trend on Thursday morning and is trading lower, with Navigator shares falling 2.37% to €3.21.

At around 9:40 a.m. in Lisbon, the benchmark PSI (Portuguese Share Index), which has had 16 companies since 22 September, was reversing the opening trend and falling by 0.18% to 8,026.50 points, with eight stocks rising and eight falling, after rising to a high of 8,041.23 points on Wednesday.

Navigator shares were followed by Altri, Mota-Engil and REN, which were down 1.50% to €4.91, 1.04% to €4.95 and 0.98% to €3.04, respectively.

EDP and Sonae shares were also falling, by 0.78% to €4.08 and 0.45% to €1.32, respectively.

The other two shares below the waterline were Semapa (-0.22% to €18.24) and EDP Renováveis (-0.17% to €11.80).

In the other direction, shares in Ibersol, Teixeira Duarte and CTT were on the rise 1.49% to €10.20, 0.76% to €0.53 and 0.69% to €7.28, respectively.

Shares in Jerónimo Martins, Galp and Corticeira Amorim were also advancing, namely 0.60% to €20.10, 0.33% to €16.68 and 0.14% to €7.20.

NOS and BCP shares were up 0.13% to €3.88 and 0.05% to €0.76, respectively.

The main European stock markets opened higher today, ignoring the US government shutdown.

At this time, it is unknown whether weekly unemployment data will be published in the US today, and it seems unlikely that the official employment report will be released on Friday if the government remains closed.

Regarding monetary policy, the US Supreme Court has prevented President Trump from immediately dismissing US Federal Reserve (Fed) Board of Governors member Lisa Cook, who may remain in office at least until 26 January, when the case will be reviewed.

Analysts quoted by Efe say that this was a decision that favours the Fed's independence, at least for now.

In Europe, the European statistics agency Eurostat today publishes the unemployment rate for the eurozone and its member countries for the month of August.

In principle, the unemployment rate is expected to have remained stable at levels close to historic lows.

Wall Street futures are up slightly in line with Wednesday's close, with the Nasdaq up 0.28% and the Dow Jones up 0.04%.

Brent, the benchmark crude oil in Europe, for December delivery, is rising, to US$65.44, compared to US$65.35 on Tuesday.

The euro is stronger, advancing to US$1.1749 on the Frankfurt foreign exchange market, compared to US$1.1723 on Wednesday and a new four-year high of US$1.1865 on 16 September.

 

 

 

 

MC/AYLS // AYLS

Lusa