LUSA 10/22/2025

Lusa - Business News - Portugal: Stock market trading lower on Tuesday morning, Mota-Engil down 2.5%

Lisbon, Oct. 21, 2025 (Lusa) - The Lisbon stock market was trading lower on Tuesday morning, with Mota-Engil shares falling 2.43% to €5.83.

At around 9:45 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 0.10% to 8,316.79 points, with 12 stocks down, three up and one unchanged (Altri €4.98).

The PSI closed last Thursday at a new high since 16 April 2010, at 8,340.83 points.

Mota-Engil, through its subsidiary Mota-Engil México, signed new contracts in Mexico worth more than €1 billion, the largest of which was for railway construction worth €820 million, the company said on Monday.

In a note sent to the Portuguese Securities Market Commission (CMVM), Mota-Engil explains that the new contract signed with the Secretariat of Infrastructure, Communications and Transport covers the design and construction of the second section (between Apaseo el Grande and Irapuato) of the Querétaro-Irapuato railway link, with a total length of 70.7 kilometres.

In August, the company had already been awarded the contract for the first section of this railway link, which is a strategic project within Mexico's National Railway Plan.

Mota-Engil's shares were followed by those of PSI newcomer Teixeira Duarte, Semapa and Ibersol, which were also falling, by 1.76% to €0.67, 1.66% to €17.76 and 1.48% to €10, respectively.

More moderately, CTT, Jerónimo Martins and NOS shares were off 0.72% to €6.88, 0.58% to €20.42 and 0.40% to €3.72.

Shares in Navigator, Sonae and REN were down 0.32% to €3.10, 0.28% to €1.40 and 0.16% to €3.11.

The other two shares that were falling in price were EDP Renováveis (-0.15% to €13.43) and Corticeira Amorim (-0.14% to €7.19).

In the opposite direction, EDP, Galp and BCP shares were recording gains of 0.61% to €4.47, 0.053% to €16 and 0.32% to €0.76.

Before the market opened, EDP announced that its subsidiary EDP Brasil will sell its entire transmission line in the Brazilian states of Santa Catarina and Rio Grande do Sul for 510 million reais (around €81 million).

The main European stock markets opened higher today, but cautiously in a context of reduced trade tensions, awaiting corporate results and September inflation data in the US, which will be released on Friday.

The markets are also watching the third-quarter results of companies, the US CPI, which will be published on Friday with a week's delay due to the federal government shutdown, and the appearance in Oslo of European Central Bank (ECB) President Christine Lagarde.

Lagarde will speak at a climate conference organised by the Bank of Norway, and may reveal the institution's intentions for next week's interest rate meeting, scheduled for 29 and 30 October in Florence.

In Asia, the Nikkei index on the Tokyo stock market closed up 0.27% and reached a new record high of 49,316 points, while the Shanghai stock market benchmark index gained 1.36%, the Shenzhen index 2.06%. and the Hang Seng index on the Hong Kong stock market was up 0.77% shortly before the end of the session.

In Japan, Sanae Takaichi, a conservative member of the minister's Liberal Democratic Party (LDP), today became the first woman to be appointed prime minister of the Asian country, after winning the lower house vote for the position.

Wall Street futures, meanwhile, are down 0.11% for the Nasdaq and 0.10% for the Dow Jones.

The price of gold, historically considered a safe haven asset in times of uncertainty, was down today with an ounce trading at US$4,301.65, compared to US$4,347.86 on Monday, a new all-time high.

Meanwhile, Brent crude oil, the benchmark in Europe, for December delivery is down to US$60.75, compared to US$61.01 on the day before.

The euro is weaker, falling to US$1.1629 on the Frankfurt foreign exchange market, compared to US$1.1650 on Monday and the new four-year high of US$1.1865 recorded on 16 September.

 

 

MC/AYLS // AYLS

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