Lisbon, April 23, 2026 (Lusa) – The Lisbon stock market is trading lower on Thursday morning, with six PSI (Portuguese Stock Index) companies falling, Mota-Engil leading the losses, dropping 1.48% to €4.78, while NOS is rising 1.90% to €5.63.
Around 9:20 a.m in Lisbon, the PSI was holding its opening trend, decreasing 0.13% to 9,173.79 points. Six companies saw their share prices fall while 10 recorded gains.
Jerónimo Martins and Sonae followed Mota-Engil’s downward trend, devaluing by 1.16% to €20.38 and 1.02% to €1.94, respectively. More moderate declines affected CTT (0.92% to €6.43), BCP (0.77% to €0.88), and Teixeira Duarte (0.47% to €0.42).
In contrast, following NOS, Galp was up 0.93% to €19.52, Ibersol was gaining 0.68% to €11.84, and EDP Renováveis up 0.67% to €13.62. Semapa, Altri, and Navigator were gaining 0.66% to €22.85, 0.61% to €4.91, and 0.59% to €3.39, respectively. Corticeira Amorim (up 0.46% to €6.59), REN (up 0.40% to €3.74), and EDP (up 0.38% to €4.49) were also recording gains.
Major European stock markets opened in negative territory on Thursday, following Wednesday's closing trend and mirroring Asian markets. Rising Brent crude prices, with a barrel now exceeding US$103, influenced the sentiment. The euro remained at US$1.1705 on the Frankfurt exchange market, matching Wednesday’s rate. Brent crude for June delivery, the European benchmark, gained 1.39% to US$103.39.
Markets continue to move at a pace dictated by oil prices due to the blockade of the Strait of Hormuz. The blockade remains the most relevant factor because of its growing impact on energy supply, which affects inflation and economic growth.
Iranian Foreign Minister Abbas Araghchi told South Korean special envoy Chang Byung-ha that "the aggression of the US and Israel is the root of insecurity in the Persian Gulf and the Strait of Hormuz." Meanwhile, the White House reported on Wednesday night that US President Donald Trump has not set a deadline for Iran to reach an agreement to end the war.
Unlike European markets, which ended in the red on Wednesday, US investors welcomed the "indefinite ceasefire" declared by Trump. Major US indices ended Wednesday higher, with the Dow Jones rising 0.69% and the Nasdaq gaining 1.64%. Currently, futures point to falls of 0.59% for the Dow and 0.37% for the Nasdaq.
The day's agenda includes the release of preliminary April activity readings by S&P Global. These PMI (Purchasing Managers' Index) manufacturing and services indices cover the Eurozone, Germany, France, UK, and US.
MC/RYOL // AYLS
Lusa
