Lisbon, March 31, 2026 (Lusa) - The Lisbon stock market is trading higher on Tuesday morning, with Mota-Engil leading with a 3.09% rise to €4.47. The benchmark PSI (Portuguese Stock Index) was holding its opening trend at 9:15 a.m, advancing 0.77% to 9,139.40 points. Ten companies saw gains, four declined, and two remained stable, NOS at €5.45 and REN at €3.75.
BCP, CTT, and Teixeira Duarte shares followed Mota-Engil’s lead, rising 1.58% to €0.82, 1.52% to €6.01, and 1.23% to €0.41, respectively.
Navigator shares were climbing 1.19% to €3.39, while Corticeira Amorim and Altri were up 0.93% to €6.49 and €4.89.
Jerónimo Martins, Ibersol, and EDP saw more moderate increases of 0.89% to €20.50, 0.46% to €10.85, and 0.42% to €4.52.
Galp and EDP Renováveis were moving in the opposite direction, dropping 1.04% to €20.85 and 0.59% to €13.52.
Two other shares falling were Semapa and Sonae, down 0.46% to €21.80 and 0.21% to €1.91.
Major European markets opened mixed on Tuesday. Investors drew encouragement from US President Donald Trump’s comments suggesting the war could end in April, while they awaited Eurozone inflation data.
The euro remained stable, dipping slightly by 0.02% to US$1.1464 on the Frankfurt currency market, compared to US$1.1465 on Monday.
European markets remain focused on Middle Eastern events. Bombings in Iran continued throughout the night as the conflict reached its first month without signs of a resolution, despite contradictory messages.
The war has entered its fifth week, marked by US and Israeli offensives in Iran and Lebanon, alongside Tehran's attacks against Israel and Gulf nations. US President Trump maintains a four-to-five-week timeline for the conflict to conclude by mid-April.
Geopolitics, energy, and interest rates continue to dominate the market. Brent crude’s rise above US$100 a barrel has revived inflation risks. This exerts pressure on central banks, which may reconsider raising interest rates to combat price increases.
Brent crude, the European benchmark for May delivery, is up 0.61% to US$113.47.
Natural gas for April delivery on the Dutch TTF market, the European standard, is up 1.18% to €54.814 per megawatt-hour (MWh).
Precious metals are climbing, with gold rising 0.88% to US$4,552.54 an ounce and silver advancing 2.74% to US$71.92.
US index futures point to gains of 0.60% for the Nasdaq and 0.76% for the Dow Jones.
MC/RYOL // AYLS
Lusa
