Lisbon, March 19, 2026 (Lusa) - The Lisbon stock market was trading sharply lower on Thursday morning, with 15 companies in the PSI (Portuguese Stock Index) falling, led by CTT, which was falling 9.58% to €6.04, while the only riser was Galp, up 2.58% to €21.90.
At around 9:50 a.m. in Lisbon, the benchmark PSI deepened its opening trend, falling 1.73% to 8,976.20 points, with 15 companies down and only Galp rising. On Wednesday, CTT announced that its profit rose 11.4% in 2025 compared to the previous year, reaching €50.7 million.
The earnings before interest, taxes, depreciation and amortisation (EBITDA) rose to €198.4 million, a year-on-year increase of 23.8%.
CTT shares were followed by Sonae, Teixeira Duarte and Mota-Engil, which were falling 4.72% to €1.86, 3.67% to €0.42 and 3.63% to €4.19, respectively.
On Thursday, before the market opened, Sonae announced it made a profit of €247 million in 2025, an 11% increase over the previous year, driven by business growth and improved operational efficiency.
Jerónimo Martins, Semapa and BCP shares were falling more than 3%, specifically 2.97% to €20.90, 2.57% to €20.85 and 2.47% to €0.80.
More moderately, Altri and EDP Renováveis shares were down 1.51% to €4.56 and 1.27% to €13.20, while Corticeira Amorim and REN fell 1.10% to €6.27 and 1.03% to €3.85.
NOS and Navigator shares were down 0.75% to €5.31, while the other two declining stocks were EDP (-0.62% to €4.33) and Ibersol (-0.46% to €10.75).
Major European bourses opened sharply lower on Thursday due to rising oil prices following attacks on energy infrastructure in the Middle East and a lack of expectations for rate cuts by the US Federal Reserve (Fed).
At the market opening, the euro remained stable, trading at $1.1457 on the Frankfurt foreign exchange market, compared to $1.1452 on Wednesday.
On Thursday, the European Central Bank (ECB) is expected to keep the key rate at 2% and the Bank of England at 3.75%, after the Fed did the same on Wednesday and kept rates in the 3.5% - 3.75% range.
The most relevant factor is what both committees can provide regarding the future of key rates and the impact the Iran war may have on them.
US index futures pointed to declines of 0.45% for the Nasdaq and 0.28% for the Dow Jones.
Precious metals recorded falls, with gold down 0.18% and silver down 0.20%.
MC/LYT // AYLS
Lusa
