Lisbon, March 24, 2026 (Lusa) — The Lisbon stock market was trading higher on Tuesday morning, with Galp leading the gains, rising 1.13% to €20.54. At 9:40 a.m in Lisbon, the benchmark PSI (Portuguese Stock Index) was keeping its opening trend, advancing 0.30% to 8,804.52 points, with eight companies rising, six falling, and two holding steady (Ibersol at €10.80 and NOS at €5.25).
Following Galp's lead, shares of Sonae, EDP Renováveis, and Corticeira Amorim were advancing 0.76% to €1.85, 0.71% to €12.84, and 0.64% to €6.29, respectively.
Jerónimo Martins and CTT shares were rising 0.40% to €20.04 and 0.17% to €5.0, while REN and EDP were up 0.14% to €3.70 and 0.09% to €4.30.
Conversely, Teixeira Duarte and BCP were falling 1.19% to €0.42 and 1% to €0.79. Also declining, Semapa and Mota-Engil dropped 0.71% to €20.85 and 0.65% to €4.26.
The other two declining stocks were Altri (-0.64% to €4.64) and Navigator (-0.06% to €3.17).
Major European stock markets opened mixed today following the announcement of a five-day truce proposed by US President Donald Trump, which significantly reduced oil and gas prices. The euro is weaker, falling 0.16% to US$1.1594 in the Frankfurt currency market, compared to US$1.1613 on Monday.
US index futures point to minor losses of 0.03% for the Nasdaq and 0.05% for the Dow Jones.
Brent crude oil, the European benchmark for May delivery, is up 1.55% to US$101.49.
Natural gas for April delivery on the Dutch TTF market, the European reference, is down 0.83% to €56.210 per megawatt-hour (MWh).
On Monday, after a negative opening, European markets reversed trend at 11 a.m Lisbon time following a post by Donald Trump opening the door to a possible deal with Iran to end the conflict.
According to the US, negotiations, which Trump claims are going well, would include ending Iran's nuclear program, surrendering enriched uranium inventories and ballistic missile programs, and opening the Strait of Hormuz, in an agreement comprising up to 15 points.
News of a possible deal caused a 10% drop in Brent and a 4% drop in TTF gas. However, Iran's Ministry of Foreign Affairs denied any contact, claiming Trump's statements aim only to reduce energy prices and gain time for military plans.
Israel, informed by the US of the negotiations, assured its interests would be safeguarded if a conflict-ending deal is reached.
MC/RYOL // AYLS
Lusa
