Lisbon, April 2, 2026 (Lusa) - The Lisbon stock market is trading higher on Thursday morning, reversing its opening trend and moving against the wider European downturn, driven by Galp, which is up over 3.6% since the opening bell.

The PSI (Portuguese Stock Index) was up 0.18% at 9,316.62 points, with seven stocks rising, eight trading lower and Navigator remaining stable at €3.41, by 09:20 a.m.

The session is led by Galp, which was up 3.64% to €21.09 per share, followed by REN and Ibersol, up 0.93% to €3.80 and €10.85 respectively; Also rising were Sonae (0.61% to €1.97), EDP Renováveis (0.29% to €13.99), Semapa (0.22% to €22.40) and EDP (0.13% to €4.66).

In contrast, Teixeira Duarte was down by 2.9% to €0.44, followed by Mota-Engil, which dropped by 2.41% to €4.61.

Additionally, Jerónimo Martins fell by 1.91% to €20.56 and BCP by 1.49% to €0.86.

With smaller declines were CTT (0,78% to €6,33), NOS (0,73% to €5,46), Altri (0,20% to €4,98) and Corticeira Amorim (0-15% to €6,55).

The main European stock markets opened lower on Thursday, after US president Donald Trump failed to ease concerns regarding the ongoing conflict in Iran.

The performance of the main Portuguese stock market index contrasted with that of its counterparts in the major European markets, facing significant losses, with Frankfurt losing 1.50%, Madrid 1.16%, Milan 1.02%, Paris 0.79% and London 0.20%.

JO/MYAL // AYLS

Lusa