Lisbon, Jan. 30, 2026 (Lusa) - The Lisbon stock market is reversing its opening trend on Friday morning and is trading slightly higher, with BCP shares rising 1.80% to €0.92 and Galp shares falling 1.72% to €16.56.
At around 9:25 a.m. in Lisbon, the benchmark PSI (Portuguese Share Index) had reversed its opening trend and was rising 0.06% to 8,649.88 points, with 10 stocks rising, six falling and three remaining unchanged (Corticeira Amorim at €6.7, Teixeira Duarte at €0.48 and Sonae at €1.76), after closing at a new high since the beginning of 2010, at 8,663.41 points on 28 January.
On Thursday, BCP announced that it had set the terms for a six-year senior debt issue with a fixed interest rate of 3.250%, according to a statement published by the Portuguese Securities Market Commission (CMVM).
According to the same note, BCP "set the terms for an issue of senior preferred debt securities eligible for MREL (Minimum Requirement for own funds and Eligible Liabilities)".
The issue, in the amount of €500 million, "will have a term of 6 years and 3 months", but includes an early redemption option by the bank on 5 May 2031, as well as "an issue price of 99.990% and a fixed interest rate of 3.250% per year until the early redemption date".
BCP shares were followed by Semapa, CTT and Ibersol, which were rising by 0.68% to €22.30, 0.58% to €6.83 and 0.47% to €10.65, respectively.
Following the same trend, EDP Renováveis, REN and Navigator shares were up by 0.39% to €12.78, 0.29% to €3.41 and 0.12% to €3.21.
In the opposite direction, Galp shares were followed by EDP, NOS and Mota-Engil, which were down by 0.53% to €4.30, 0.34% to €4.38 and 0.32% to €4.42, respectively.
The other two shares that to fall were Jerónimo Martins (-0.30% to €20.06) and Altri (-0.11% to €4.39).
The main European stock markets opened higher today, trying to recover from Thursday's losses, pending the announcement of the choice of the new chairman of the US Federal Reserve (Fed).
In the US, President Donald Trump is today announcing the name of his candidate for Fed chairman, who will succeed the current central bank leader, Jerome Powell.
In Europe, today's highlights include the publication of preliminary fourth-quarter gross domestic product (GDP) figures for the eurozone, with Germany's January inflation rate, which is decisive for the European Central Bank's (ECB) monetary policy, being particularly relevant.
At this time, it is already known that the French economy grew by 0.9% in 2025, slightly above the government's forecasts, although in the fourth quarter it slowed down with GDP growth of 0.2%, three tenths below the previous quarter.
Wall Street futures point to declines of 0.84% for the Dow Jones and 0.93% for the Nasdaq.
With regard to commodities, gold, after reaching highs of close to US$5,600 an ounce on Thursday, investors are taking profits, and it is down 2.91% today.
In the commodities market, Brent, the benchmark crude oil in Europe, for March delivery, moderated the sharp declines recorded on Thursday due to US threats on Iran and is down 1.47% to US$69.70.
The euro is weaker, falling to US$1.1929 on the Frankfurt foreign exchange market, compared to US$1.1956 on Thursday and US$1.1980 on 27 January, a new high since June 2021.
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