Lisbon, March 9, 2026 (Lusa) - The Lisbon stock market accentuated the downward trend, with 15 PSI shares falling, led by Teixeira Duarte, Mota-Engil and NOS, which fell more than 3%, and Galp shares rising 1.93%.
At around 9:30 a.m. in Lisbon, the PSI maintained its opening trend and fell 1.58% to 8,804.56 points, with 15 companies falling and only Galp rising, by 1.93% to €20.07.
Shares in Teixeira Duarte, Mota-Engil and NOS fell 3.40% to €0.46, 3.38% to €4.57, and 3.08% to €5.35, respectively.
The shares of these three companies were followed by those of BCP, EDP Renováveis and EDP, which fell 2.96% to €0.79, 2.69% to €12.30 and 2.62% to €4.13, respectively.
Semapa shares also fell by 2.49% to €21.55.
Falling more than 1%, CTT and REN shares fell 1.76% to €6.70 and 1.56% to €3.77, as did Navigator and Altri, which fell 1.21% to €3.27 and 1.19% to €4.55.
More moderately, Corticeira Amorim and Sonae shares fell 0.94% to €6.31 and 0.84% to €1.89.
The other two shares that also fell in value were Ibersol (-0.46% to €10.09) and Jerónimo Martins (-0.28% to €21.22).
The main European stock markets opened sharply lower today, with losses of more than 2%, dragged down by a rise in oil prices to over $100 a barrel amid the escalation of the war in the Middle East.
Oil, which has been affecting markets since the start of the war in the Middle East between the US and Israel against Iran, rose 15% today and 47% since 27 February.
The benchmark crude oil in Europe, for delivery in May, rose 15% to $106.86, a high since February 2022, compared to $92.69 on Friday and more than 47% higher than on 27 February, before the start of the conflict in the Middle East ($72.87).
West Texas Intermediate (WTI) crude oil, the US benchmark, for April delivery rose 14% to £107.67.
The escalation of war in the Middle East, as the tenth day of the war between the US, Israel and Iran comes to an end, has led to sharp rises in the price of a barrel of oil.
The rise moderated after rumours that the G7, which will hold an emergency meeting today at 12:30, may coordinate a release of strategic reserves.
The energy shock is causing the market to raise inflation expectations and continue to postpone rate cuts by the US Federal Reserve (Fed), and to increase forecasts of rate hikes by the European Central Bank (ECB) in 2026, although, for Renta4 analysts quoted by Efe, it does not make much sense to address the current situation by raising rates.
In Asia, stock markets ended lower.
Wall Street stock futures are down 1.60% for the Nasdaq and 1.59% for the Dow Jones, after closing down 1.59% and 0.95% on Friday.
Meanwhile, precious metals are depreciating moderately.
The euro fell to $1.1548 on the Frankfurt currency market, compared with $1.1618 on Friday and $1.1980 on 27 January, a level not seen since June 2021.
MC/ADB // ADB.
Lusa
