Lisbon, April 13, 2026 (Lusa) - The Lisbon stock market was trading lower on Monday morning, with Teixeira Duarte and Mota-Engil falling by more than 2.8% and Galp rising by 1.66% to €19.64. At around 9.30 a.m. in Lisbon, the PSI (Portuguese Stock Index) maintained its opening trend and was down 0.42% to 9,419.48 points compared to Friday’s close, after finishing last Thursday at a new high since June 2008 (9,484.93 points).
Teixeira Duarte fell 2.89% to €0.44, and Mota-Engil dropped 2.83% to €4.81.
The shares of the two construction firms were followed by those of BCP, CTT and Ibersol, which fell by 2.46% to €0.88, 2.07% to €6.61 and 1.23% to €11.20, respectively.
Also falling were Semapa, which fell 0.88% to €22.50; EDP Renováveis, down 0.69% to €14.36; and Navigator, down 0.53% to €3.38.
Sonae, Corticeira Amorim and Altri fell by 0.49% to €2.04, 0.45% to €6.68 and 0.41% to €4.88, respectively.
The other two companies whose share prices fell were NOS (-0.36% to €5.55) and EDP (-0.13% to €4.73).
In the opposite direction, alongside Galp, Jerónimo Martins saw its share price rise by 0.77% to €21.00.
On Thursday, Galp announced the purchase of 17 wind farms in Spain by the end of the second quarter of the year, valued at €320 million and with a power generation capacity of 351 megawatts.
The main European stock markets opened lower on Monday morning, with oil prices rising, after negotiations between the US and Iran failed to reach an agreement on ending the war. The euro fell by 0.26% to $1.1693 on the Frankfurt foreign stock market, compared with $1.1723 on Friday.
Negotiations between the US and Iran ended without an agreement on ending the war, as the two countries continue to disagree on several key points, such as Iran’s nuclear programme, with Tehran refusing to commit to not developing a nuclear weapon, and control of the Strait of Hormuz.
As for the Strait, all the signs suggest that the US will block traffic on Monday at 3.00 p.m. Lisbon time, with the US Navy preventing ships from sailing from any Iranian port, in the Persian Gulf and the Gulf of Oman.
The US said that other nations would contribute to the blockade, but none have commented on the matter.
The US aims to isolate Iran while allowing passage for vessels not destined for Iranian ports.
Against this backdrop, which extends the blockade of Hormuz, through which 20% of the world’s oil passes, the price of oil rose by almost 7% on Monday morning.
The price of Brent Crude, the European benchmark, for June delivery rose by 6.75% to $101.61.
Natural gas for May delivery on the Dutch TFF market, the European benchmark, rose by 8.80% to €47.48 per megawatt-hour (MWh).
After the Dow Jones and the tech-heavy Nasdaq closed 0.56% and 0.11% lower on Friday, futures for the two indices are currently pointing to losses of 0.52% and 0.67%, respectively.
MC/MYAL // ADB.
Lusa
