Lisbon, Oct. 23, 2025 (Lusa) - The Lisbon stock market is trading higher on Thursday morning, with Galp shares leading the gains, rising 2.04% to €16.78.
At around 9:20 a.m. in Lisbon, the benchmark PSI (Portuguese Share Index), which has had 16 companies since 22 September, was holding its opening trend and rising 0.52% to 8,348.32 points, with nine stocks rising, five falling and Ibersol and Altri remaining unchanged at €10 and €5.02, respectively.
The PSI ended a week ago at a new high since 16 April 2010, at 8,340.83 points.
Galp shares were followed by CTT, Sonae and Semapa, which were aslo on the rise, by 1.88% to €7.04, 1.56% to €1.43 and 1.24% to €17.92.
Teixeira Duarte, NOS, BCP and EDP Renováveis shares were also rising, up1.23% to €0.66, 0.40% to €3.77, 0.40% to €0.76 and 0.38% to €13.29 respectively.
In the opposite direction, Navigator, EDP and Corticeira Amorim shares were down 0.58% to €3.09, 0.52% to €4.43 and 0.14% to €7.30.
On Wednesday, The Navigator Company released its results for the first nine months of the year, reporting a profit of €118 million, down 51% on the same period last year.
In a statement, the group also said that earnings before interest, taxes, depreciation and amortisation (EBITDA) reached €300 million, down from €431 million a year earlier.
Jerónimo Martins and Mota Engil shares continued to lose ground, falling 0.10% to €20.32 and 0.09% to €5.78, respectively.
The main European stock markets, which closed on Wednesday with mixed results, opened today's session virtually stable, with slight gains, except for Madrid, attentive to the sharp rise in oil prices due to the sanctions announced by the US against Russia.
At the opening of the market, with the euro depreciating 0.12% and trading at US$1.159, only Madrid was down, losing a slight 0.04%, while London was rising 0.18%, Paris 0.14%, Milan 0.06% and Frankfurt 0.05%.
The Euro Stoxx 50, an index that lists the companies with the largest capitalisation in Europe, was rising 0.19%.
Today's session highlights a sharp rise in oil prices of more than 3%. Brent, the European benchmark, is up 3.15% to US$64.57 per barrel, while West Texas Intermediate (WTI), the American benchmark, is advancing 3.32% to US$60.44 per barrel before the official market opening.
The US Treasury Department announced sanctions against Russia's two largest oil companies, Rosneft and Lukoil, on Thursday in response to "Russia's lack of serious commitment to a peace process to end the war in Ukraine".
In Asia, the Nikkei index on the Tokyo Stock Exchange closed down 1.30%, while the Shanghai Stock Exchange benchmark index rose 0.20%, the Shenzhen Stock Exchange gained 0.16% and the Hang Seng index on the Hong Kong Stock Exchange, awaiting closure, rose 0.87%.
Meanwhile, Wall Street futures, which recorded declines on Wednesday in three of the indices, not exceeding 1%, are currently showing mixed performance, with the Dow Jones Industrial Average falling slightly by 0.01% and gains of 0.20% for the S&P 500 and 0.29% for the Nasdaq.
Gold is recovering from Wednesday's losses, rising 1.58% to US$4,130 per ounce.
Bitcoin is also rising again after yesterday's falls, advancing 2.19% to US$110,104.50.
In the debt market, the yield on the ten-year German bond rose to 2.573%, and the Spanish bond also rose to 3.102%.
MPE/AYLS // AYLS
Lusa
