Lisbon, March 27, 2026 (Lusa) - The Lisbon stock market was trading lower Friday morning as 13 PSI (Portuguese Stock Index) companies saw their share prices drop, led by Jeronimo Martins, which fell 3.83% to €20.10.
At around 9:35 a.m. in Lisbon, the PSI reversed its opening trend and fell 1.28% to 8,883.00 points. While 13 companies lost ground, three rose, led by Mota-Engil, which gained 2.01% to €4.37. Jeronimo Martins’ shares were followed by BCP, which dropped 2.01% to €0.80, and Galp and EDP Renováveis, which fell 1.96% to €20.49 and 1.94% to €13.17, respectively. EDP and Sonae fell more than 1%, losing 1.43% to €4.35 and 1.18% to €1.85.
Teixeira Duarte and NOS saw more moderate drops of 0.96% to €0.41 and 0.94% to €5.28. Altri fell 0.63% to €4.72, Navigator dropped 0.55% to €3.28, and Semapa declined 0.46% to €21.60.
CTT shares fell 0.17% to €5.84 and Corticeira Amorim dipped 0.16% to €6.41.
In contrast, Ibersol and REN rose by 0.93% to €10.90 and 0.82% to €3.69, respectively.
The main European bourses opened mixed on Friday as investors monitored tensions in the Middle East and oil prices. This follows Washington's extension of the deadline to attack Iranian power plants if Tehran does not reopen the Strait of Hormuz.
The euro remained stable, retreating 0.03% to $1.1523 in the Frankfurt currency market, compared to $1.1527 on Thursday.
Markets remain cautious, even though U.S. President Donald Trump extended the negotiation deadline with Iran by 10 days, to 6 April.
Saturday marks one month since the war in Iran began. Uncertainty regarding an end date pushed oil prices up again.
Brent oil, the European benchmark for May delivery, rose 1.22% to $109.27 early Friday morning. Meanwhile, West Texas Intermediate (WTI) for May delivery, the US benchmark, gained 0.62% to reach $95.12.
Natural gas for April delivery on the Dutch TTF (Title Transfer Facility) rose 1.84% to €56.235 per megawatt-hour (MWh).
US index futures point to gains of 0.23% for the Nasdaq and 0.18% for the Dow Jones.
The price of an ounce of gold, a traditional safe-haven asset, rose 1.51% on Friday to $4,442.37, while silver gained 1.21% to $69.25.
In the debt market, interest on Germany’s 10-year bond rose further to 3.101%, up from 3.071% on Thursday.
MC/LYT // ADB.
Lusa
