Lisbon, March 10, 2026 (Lusa) - The Lisbon stock market is trading higher on Tuesday morning, with the PSI above 9,000 points, BCP and EDP Renováveis shares rising more than 3.20% and Galp shares falling 3.44% to €19.38.
At around 9:50 a.m. in Lisbon, the benchmark PSI (Portuguese Share Index) was maintaining its opening trend and rising 1.54% to 9,016.32 points, with 14 companies rising and two falling.
BCP and EDP Renováveis shares were up 3.23% to €0.84 and 3.20% to €12.91.
BCP and EDP Renováveis shares were followed by Mota-Engil, Ibersol and EDP, which were rising 2.88% to €4.72, 2.33% to €11.00 and 2.29% to €4.28.
REN, CTT and Altri shares were also on the rise, by 2.26% to €3.85, 1.94% to €6.84 and 1.86% to €4.66, respectively.
Rising more than 1%, Navigator and Teixeira Duarte shares were advancing 1.78% to €3.31 and 1.73% to €0.47, as were Semapa and NOS shares, which were up 1.62% to €21.90 and 1.53% to €5.30.
The other two shares that were also rising were Corticeira Amorim (0.95% to €6.38) and Sonae (0.42% to €1.90).
In contrast, in addition to Galp shares, Jerónimo Martins shares were downl 0.19% to €21.34.
The main European stock markets opened higher today with oil prices falling 8% after US President Donald Trump declared on Monday that the war against Iran was "almost over".
At this time, the price of Brent crude oil, the benchmark in Europe, for delivery in May, is down 8.36% to US$91.88, and West Texas Intermediate (WTI), the US benchmark, for April delivery down 8.56% to US$87.78 per barrel, while natural gas is down just over 16% to €47.44 per megawatt-hour (MWh).
Trump also assured during an interview that he is considering "taking control" of the Strait of Hormuz, through which he said ships were already transiting.
The markets are also watching the meeting of G7 energy ministers, who are meeting today to strengthen their coordination in the face of hydrocarbon fluctuations due to the war in the Middle East, after their finance counterparts opened the door to using strategic oil reserves if they deem it necessary.
Wall Street futures are currently anticipating gains of 0.31% for the Dow Jones and 0.42% for the Nasdaq.
The aim is to stabilise the markets, which have been particularly affected by Iran's closure of the Strait of Hormuz.
As for precious metals, gold rose 1.60% and silver 5.68%.
The euro is stronger, rising 0.21% to US$1.1651 on the Frankfurt foreign exchange market, compared with US$1.1636 on Monday and US$1.1980 on 27 January, a new high since June 2021.
MC/AYLS // AYLS
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