Lisbon, Oct. 16, 2025 (Lusa) - The Lisbon stock market has reversed its opening trend and is trading down on Thursday morning, in line with other European markets.
At around 9:50 a.m. in Lisbon, the benchmark PSI (Portuguese Share Index), which has had 16 companies since 22 September, had reversed its opening trend and was falling 0.06% to 8,246.81 points, after reaching a 15-year high on Wednesday.
At that time on Thursday morning, 11 stocks were trading lower and five higher.
Leading the losses was Semapa, which was down 1.10% to €18.04, while EDP Renováveis stood out as the biggest gainer, rising 1.66% to €13.44.
In the red, but with smaller losses, were NOS (-0.94% to €3.70), Mota-Engil (-0.94% to €5.70), CTT (-0.72% to €6.92) and REN (-0.65% to €3.07).
Navigator was losing 0.58%, and both Galp and BCP were down 0.50% to €3.09, €15.88 and €0.75, respectively.
Altri (-0.30% to €4.98), Jerónimo Martins (-0.19% to €20.54) and Sonae (-0.15% to €1.37) were down less than half a percentage point from the opening.
In the opposite direction, behind EDP Renováveis were Ibersol, which was gaining 0.50% to €10.15 and Corticeira Amorim, which was up 0.28% to €7.10.
Newcomer Teixeira Duarte was ahead by 0.27% to €0.74 and EDP by 0.16% to €4.34.
The main Portuguese stock market index is following the same trend as the main European markets, which opened with slight declines, unimpressed by the US results and still focused on political uncertainty in France and trade tensions between the United States and China.
Just over an hour after the opening, Madrid was down 0.43%, London 0.14% and Frankfurt 0.13%. Milan (-0.04%) and Paris (-0.03%) were seeing more modest losses.
Markets remain attentive to the exchange of threats between China and the US and do not seem encouraged by Wednesday's session on Wall Street, where corporate results led the S&P500 and Nasdaq indices to gains of 0.40% and 0.66% respectively.
The price of gold, historically considered a safe haven asset in times of uncertainty, remains unstoppable and has reached new highs. During the early hours of the morning, an ounce was trading at US$4,242.12, a new all-time high.
Meanwhile, Brent crude oil, the benchmark in Europe, for December delivery is rising to US$62.68, up from US$62.14 on Wednesday.
In the debt market, interest rates on 10-year German bonds, considered the safest in Europe, were falling to 2.568%, compared to 2.581%, as were those in France, to 3.350%, compared to 3.366% on Wednesday and a high of 3.600% on 25 September.
The euro was stronger, trading at US$1.165 in Frankfurt, compared to US$1.1638 the previous day and the new four-year high of US$1.1865 on 16 September.
JO/AYLS // AYLS
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