Lisbon, April 7, 2026 (Lusa) - The Lisbon stock market is trading higher on Tuesday morning, with the PSI (Portuguese Stock Index) rising to its highest level since June 2008, led by CTT shares, which are up 3.17% to €6.51.
Around 09:45 a.m. in Lisbon, the benchmark PSI was holding its opening trend, climbing 0.86% to 9,450.42 points, a new high since June 2008, with 13 companies rising, two falling and one remaining unchanged (Teixeira Duarte at €0.45).
Following CTT’s shares came those of Altri, Semapa and Navigator, which were rising 2.38% to €4.95, 1.58% to €22.55 and 1.54% to €3.43, respectively.
Shares in BCP, Corticeira Amorim and NOS were gaining 1.50% to €0.88, 1.38% to €6.63 and 0.90% to €5.61, respectively.
Additionally, Sonae was up by 0.81% to €1.98, EDP by 0.59% to €4.74 and Jerónimo Martins by 0.58% to €20.86.
Shares in REN, Mota-Engil and EDP Renováveis were rising by 0.39% to €3.84, 0.25% to €4.74 and 0.21% to €14.26, respectively.
In the opposite direction, Ibersol and Galp were falling by 2.16% to €10.86 and 0.09% to €21.12, respectively.
The main European stock markets opened higher on Tuesday, following the four-day Easter break, with attention focused on negotiations between the US and Iran seeking to reach a ceasefire in the Middle East and reopen the Strait of Hormuz.
Meanwhile, the euro is weaker, falling to $1.1540 on the Frankfurt foreign exchange market, compared with $1.1541 on Monday.
Markets remain focused on the Iran crisis amid uncertainty over the expiry of the ultimatum issued by US president Donald Trump to Tehran to reach an agreement, expiring on Tuesday, which led to further significant rises in oil prices.
The price of Brent Crude, the European benchmark, for June delivery rose by 1.39% to $111.30.
Natural gas for May delivery on the Dutch TFF market, the European benchmark, rose by 1.14% to €50.62 per megawatt-hour (MWh).
The US position remains inconsistent, with contradictory statements shifting between the intention to abandon the Strait of Hormuz to claims that it would be easy to reopen it, whilst countries such as France and the UK consider that the maritime crisis must be resolved through diplomacy rather than force.
In the precious metals markets, gold is down 0.22%, with an ounce at $4,639.81, whilst silver is down 0.92% to $72.15 an ounce.
The macroeconomic calendar includes the publication by S&P Global of the final March PMI (Purchasing Managers' Index) for the services sector in the major eurozone economies, the region as a whole and the UK.
In addition, Sentix investor confidence data for April will be released in the eurozone.
MC/MYAL // AYLS
Lusa
