Lisbon, Nov. 5, 2025 (Lusa) - The Lisbon stock market is trading higher on Wednesday morning, with the PSI at its highest since January 2010 and CTT and REN shares leading the gains.
At around 9:25 a.m. in Lisbon, the benchmark PSI (Portuguese Share Index) had reversed the opening trend and was rising to 8,452.16 points, a new high since January 2010, with eight stocks rising, four falling and four remaining unchanged (Ibersol at €10.05, Jerónimo Martins at €21.98, NOS at €3.67 and Teixeira Duarte at €0.68).
CTT and REN shares were rising 1.56% to €7.22 and 1.51% to €3.37, respectively.
On Thursday, the CTT postal service and banking group announced that it expects to grow to become the Iberian leader in e-commerce logistics, in line with its 2026-28 strategy, and will intensify its core investment during this period.
For the 2026-28 three-year period, CTT expects to "grow to become the Iberian leader in e-commerce logistics", and to this end will evolve its operating model, "combining a complete last-mile offering with a broader presence in the value chain to foster customer loyalty".
To achieve the growth forecast for the period 2026-28, "CTT will intensify its core investment during this period," according to a statement sent to the market regulator, the Portuguese Securities Market Commission (CMVM), adding that "this investment plan will aim to expand operations and service quality through strategic investments in infrastructure, out-of-home solutions and IT".
Correios de Portugal maintains "its objective of paying between 35% and 50% of net income in recurring dividends".
Meanwhile, on Monday, REN - Redes Energéticas Nacionais, the country's electricity and gas network managing company, announced that renewable electricity production supplied 50.2% of energy consumption in Portugal in October, the lowest percentage in the last two years, due to the "particularly unfavourable" conditions recorded that month.
"In October, conditions were particularly unfavourable for renewable production," the company said, noting that the hydroelectric component registered an index of 0.64, wind 0.82 and solar 0.93.
According to REN, in October renewable production "had the lowest share since September 2023, still supplying 50.2% of consumption", while non-renewable production supplied 18% and the remaining 32% corresponded to imported energy.
CTT and REN shares were followed by Galp, Corticeira Amorim and Sonae, which were alos on the rise, by 0.74% to €17.73, 0.58% to €6.93 and 0.43% to €1.40.
More moderately, EDP Renováveis, Navigator and EDP shares were up 0.39% to €13.00, 0.33% to €3.02 and 0.02% to €4.36.
In the opposite direction, Semapa and Altri shares were falling 0.67% to €17.80 and 0.41% to €4.87.
The other two shares that fell were BCP (-0.29% to €0.77) and Mota-Engil (-0.26% to €5.78).
The main European stock markets opened lower today, with investors opting to take profits, awaiting October PMI data from the eurozone and several European countries.
In addition to the eurozone PMI (Purchasing Managers Index), investors are also awaiting the same indicator for France, Germany, Spain and the United Kingdom, with the US in the spotlight due to the private ADP survey on job changes and the legality of tariffs.
On the trade front, the US Supreme Court will rule today on the legality of Donald Trump's tariffs.
Although it could outlaw the tariffs, analysts believe that the Court may opt to replace them with other tariffs.
At the macro level, China released its October PMI data, compiled by RatingDog (formerly Caixin), which shows weakness, although not as intense as in the manufacturing sector, according to analysts at Renta4 quoted by Efe.
Wall Street futures, after closing in the red, are currently down slightly for the Nasdaq and up 0.21% for the Dow Jones.
Brent, the benchmark crude oil in Europe, for delivery in January 2026, is down to US$64.36, compared to US$64.44 on Wednesday.
The euro is stronger, advancing to US$1.1492 on the Frankfurt foreign exchange market, compared to US$1.1484 on Tuesday and the new four-year high of US$1.1865 recorded on 16 September.
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