Lisbon, Mar. 2, 2026 (Lusa) - The Lisbon stock market was trading lower on Monday morning, with 15 PSI stocks falling, led by BCP (-4.33% to €0.85), and Galp rising 5.68%.
At around 9:10 a.m. in Lisbon, the PSI accentuated the opening trend and fell 1.10% to 9,171.01 points, with 15 companies falling and only Galp rising, 5.68% to €19.26.
Before the session opened, Galp announced that it had recorded a record net profit of €1.15 billion in 2025, a 20% increase over the previous year.
The performance was driven by oil and gas production in Brazil and the sale of natural gas, despite the decline in oil and the dollar, and the scheduled maintenance shutdown of the Sines refinery.
More than 80% of operating income came from international activities, and more than half was generated in Brazil.
BCP shares were followed by those of Ibersol, Mota-Engil, and Teixeira Duarte, which fell 3.93% to €11.00, 3.17% to €5.04, and 2.95% to €0.49, respectively.
Semapa, Navigator, and CTT shares fell 2.53% to €23.15, 2.27% to €3.36, and 2.24% to €6.97, respectively.
Following the same trend, Sonae, Altri, and NOS shares fell 2.23% to €1.97, 1.97% to €4.74, and 1.94% to €5.05, respectively.
Also in the red, Corticeira Amorim shares fell 1.91% to €6.69, while EDP and Jerónimo Martins shares both fell 1.44% to €4.45 and €21.94.
The other two stocks that also lost value were EDP Renováveis (-0.67% to €13.27) and REN (-0.52% to €3.83).
The main European stock markets opened sharply lower today after the United States and Israel launched a joint attack on Iran last weekend.
An hour before the session opened, European market futures turned red, while the price of Brent crude oil, the benchmark in Europe, for May delivery, shot up almost 10% to over $80 per barrel.
In the United States, futures for the main Wall Street indicators fell: the Dow Jones by 1.03% and the Nasdaq by 1.33%.
Before the opening of European markets, the Nikkei in Tokyo closed down 1.35%.
Hong Kong's Hang Seng fell 1.99%, while the Shanghai Stock Exchange, which opened lower, ended up rising 0.47%.
In other markets, and amid tensions in the Middle East, gold rose 2.4% to $5,407.60 per ounce, while silver advanced 2.17% to $95.8230.
The euro is weaker, trading at $1.1712, down from $1.1812 on Friday.
Bitcoin, the best-known and most traded cryptocurrency, rose 0.6% to $66,158.60.
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