Lisbon, Nov. 4, 2025 (Lusa) - The Lisbon stock market is trading lower on Tuesday morning, with 15 of the 16 PSI stocks falling, led by Corticeira Amorim, which is down 3.96% to €7.03.
At around 9:45 a.m. on Tuesday in Lisbon, the benchmark PSI (Portuguese Share Index) was maintaining its opening trend and falling 1.16% to 8,348.13 points, with 15 stocks down and one maintaining its price (Ibersol at €10.05).
The PSI ended the session on 30 October up to a new high since January 2010, at 8,446.47 points.
Corticeira Amorim announced on Monday that it recorded a net profit of €45.7 million in the first nine months of the year, down 4.5% year-on-year.
Until September, the group's consolidated sales amounted to €676.5 million, a fall of 6.8% compared to the same period in 2024, it announced in a statement to the market regulator, the Portuguese Securities Market Commission (CMVM).
According to the company, "this result was affected by the sale of its stake in Timberman Denmark in December 2024 - excluding this effect, sales would have fallen by 3.6%".
Corticeira Amorim shares were followed by those of Mota-Engil, Galp and NOS, which were also falling, by 2.21% to €5.77, 1.83% to €17.42 and 1.61% to €3.66.
Shares in Jerónimo Martins, Sonae and BCP were down 1.44% to €21.94, 1.41% to €1.40 and 1.31% to €0.75.
Following the same trend, Semapa, Teixeira Duarte and Navigator shares were down 1.23% to €17.62, 1.16% to €0.68 and 0.86% to €2.99.
More moderately, Altri, REN and EDP Renováveis shares were off 0.61% to €4.85, 0.46% to €3.28 and 0.39% to €12.89.
The other two shares below the waterline were EDP (-0.25% to €4.31) and CTT (-0.14% to €7.12).
The main European stock markets opened lower today, in a session marked once again by the publication of third-quarter corporate results, as well as the speech of European Central Bank (ECB) President Christine Lagarde.
Lagarde is participating today in the conference "At the gates of the eurozone" organised by the Bulgarian National Bank in Sofia, where she will give the opening speech.
Also noteworthy this week is the Bank of England's (BoE) decision on Thursday, in a context where market expectations of a possible interest rate cut are very moderate.
Wall Street futures, after closing with mixed signals, are currently down 0.73% for the Dow Jones Industrial and 1.34% for the Nasdaq.
Meanwhile, Brent, the benchmark crude oil in Europe, for delivery in January 2026, is falling to US$64.22, compared to US$64.89 on Monday.
The euro is weaker falling to US$1.1523 on the Frankfurt foreign exchange market, compared to US$1.1527 on Monday and the new four-year high of US$1.1865 recorded on 16 September.
MC/AYLS // AYLS
Lusa
