Lisbon, Nov. 25, 2025 (Lusa) - The Lisbon stock market is trading down on Tuesday morning, but with civil engineering and construction groups Mota-Engil and Teixeira Duarte leading the gains, rising 2.79% to €5.13 and 2.37% to €0.69, respectively.
At around 9:15 a.m. in Lisbon, the benchmark PSI (Portuguese Share Index) was down 0.26% to 8,034.32 points, against a new high since January 2010 of 8,484.01 points recorded on 5 November, with eight stocks rising, seven falling and one maintaining its price (telecoms provider NOS at €3.68).
On Sunday, an official Angolan source stated that the new Corimba Marginal (corniche), under the responsibility of Mota-Engil and whose first phase will cost €245 million and is presented as a structural intervention for Luanda, will advance 120 metres over the sea through dredging and will require the rehousing of around 2,000 families.
According to the national director of Urban Infrastructure in Angola, Simão Tomé, 2,000 homes of various types will be built to rehouse the families who will have to be removed from that coastal strip.
The project was visited on Sunday by the Portuguese prime minister, Luís Montenegro.
The shares of Mota-Engil and Teixeira Duarte were followed by those of BCP, Altri and Semapa, which were also rising in value, by 1.02% to €0.79, 0.68% to €4.47 and 0.49% to €16.40.
Following the same trend, shares in Ibersol, CTT and EDP were up 0.48% to €10.45, 0.28% to €7.09 and 0.24% to €3.77.
In the opposite direction, Jerónimo Martins, Navigator and Sonae shares were falling 0.83% to €21.38, 0.75% to €2.91 and 0.68% to €1.47.
Galp, REN and Corticeira Amorim shares were also down, by 0.54% to €17.40, 0.45% to €3.30 and 0.30% to €6.65.
Other shares below the water line were those of EDP Renováveis, by 0.18% to €11.27.
The main European stock markets opened stable today, buoyed by the increased possibility of a US Federal Reserve (Fed) rate cut in December, and pending the peace plan for Ukraine.
On the European macroeconomic agenda, today's highlight is the publication of Germany's final GDP figures for the third quarter.
If the preliminary data is confirmed, the German economy would have remained stable (0.0%) compared to the previous quarter, demonstrating once again its inability to grow in the current macroeconomic and geopolitical scenario.
Wall Street closed higher on Monday, with the Nasdaq rising 2.69%, the biggest increase since 12 May, driven by technology company Alphabet and expectations generated by its new Gemini 3 Artificial Intelligence (AI) model, with which it seeks to surpass OpenAI.
Brent, the benchmark crude oil in Europe, for delivery in January 2026, is retreating to US$63.05, down from US$63.37 in the previous session.
The euro is stronger, rising to US$1.1526 on the Frankfurt foreign exchange market, compared to US$1.1516 on Monday and the new four-year high of US$1.1865 recorded on 16 September.
MC/AYLS // AYLS
Lusa
