Lisbon, March 26, 2026 (Lusa) - The Portuguese stock market is trading down on Thursday morning with 11 stocks in the benchmark index in the red, led by Teixeira Duarte, down 1.91% to €0.41.
Around 9:20 a.m. in Lisbon, the PSI (Portuguese Stock Index) was holding its opening trend and falling 0.22% to 8,994.48 points, with 11 companies down and five up. Teixeira Duarte's decline was followed by REN, EDP Renováveis and Mota-Engil, which were down 1.74% to €3.67, 1.03% to €13.41 and 0.96% to €4.32, respectively. BCP shares were down 0.48% to €0.82, while Semapa and Ibersol both dropped 0.46% to €21.75 and €10.90.
CTT and Sonae saw more moderate decreases of 0.33% to €5.97 and 0.32% to €1.88.
Altri and EDP also lost value, falling 0.21% to €4.74 and 0.20% to €4.40.
In contrast, Jerónimo Martins, Galp and NOS were rising 0.68% to €20.60, 0.63% to €20.91 and 0.570% to €5.21.
Navigator and Corticeira Amorim shares were gaining 0.37% to €3.29 and 0.16% to €6.44.
Main European bourses opened lower on Thursday as oil prices rose again due to conflicting messages from Washington and Tehran regarding possible peace negotiations.
The euro remained stable, falling 0.04% to $1.1558 on the Frankfurt exchange, compared to $1.1559 on Wednesday.
The price of Brent crude, the European benchmark for May delivery, rose 2.62% to $104.90, while West Texas Intermediate (WTI) for May delivery, the US benchmark, advanced 2.87% to $92.91.
Natural gas for April delivery on the Dutch TTF market, the European benchmark, rose 2.42% to €54.095 per megawatt-hour (MWh).
US index futures point to losses of 0.37% for the Nasdaq and 0.26% for the Dow Jones.
IG analyst Sergio Ávila, quoted by Efe, said on Thursday that the combination of Middle East tension, rising oil prices and expectations of higher interest rates are reshaping the behaviour of gold, bitcoin and oil simultaneously.
Thursday's macroeconomic agenda includes the publication of March consumer confidence indices for France, Italy and Germany.
A slight deterioration in these forward-looking private consumption indices is expected due to the impact the Middle East conflict is having on inflation.
Iran said on Thursday it is preparing a law to charge tolls for passage through the Strait of Hormuz, as cross-border attacks between Israel, Iran and Lebanon continue on the 27th day of the war.
Meanwhile, US President Donald Trump insisted again that Tehran is willing to negotiate peace with Washington, despite the Persian country's successive denials.
MC/LYT // AYLS
Lusa
