Lisbon, April 28, 2026 (Lusa) – Lisbon stock market is trading higher on Tuesday morning, with 15 of the 16 companies in the PSI (Portuguese Stock Index) rising, led by BCP shares, up 1.82% to €0.89. The PSI was holding its opening trend and rising 0.89% to 9,258.82 points around 9:30 a.m. in Lisbon, with 15 companies rising and one falling (Jerónimo Martins, -0.29% to €20.34). BCP said on Tuesday that Warsaw-based Bank Millennium S.A. profit rose 68% in the first quarter of 2026 compared to the same period in 2025, reaching €71.2 million (301 million zlotys).
Millennium BCP, which owns 50% of Bank Millennium S.A., told the Securities Market Commission (CMVM – the stock market regulator) in a statement on preliminary and unaudited Q1 results that despite the positive performance, costs related to Swiss franc mortgage portfolios affected results.
CTT and Mota-Engil shares followed BCP, rising 1.57% to €6.47 and 1.55% to €4.73, respectively, while EDP Renovaveis and Galp were climbing 1.35% to €14.27 and €19.56. Semapa was up 1.12% to €22.50, REN up 1.07% to €3.78 and Sonae increasing 1.04% to €1.94.
NOS and Teixeira Duarte were rising 0.72% to €5.57 and 0.57% to €0.44, respectively. Ibersol was gaining 0.50% to €12.00 and Navigator up 0.49% to €3.31. Main European bourses opened mixed on Tuesday as investors watched rising oil prices amid a lack of negotiations between Tehran and Washington and central bank monetary policy.
The euro fell 0.17% to $1.1701 on the Frankfurt currency market.
The ongoing blockade of the Strait of Hormuz continues to drive oil prices higher. Brent crude, the European benchmark for June delivery, rose 2.8% to US$111.26.
Natural gas for May delivery on the Dutch TTF market rose 1.26% to €45.21 per megawatt-hour (MWh).
Stock markets also monitor corporate results, which remain especially positive in the US.
Tension and diplomatic deadlock continue in the Middle East.
US Central Command said on Monday that a US Navy ship detained an Iranian-flagged tanker attempting to reach an Iranian port, part of a maritime pressure strategy against Tehran.
Dow Jones and Nasdaq futures currently point to drops of 0.02% and 0.40%.
The Bank of Japan (BoJ) kept short-term interest rates at 0.75% on Tuesday while lowering growth expectations for the Asian country due to high crude oil prices caused by the war in Iran.
The US Federal Reserve (Fed) will decide on interest rates on Wednesday, while the European Central Bank (ECB) makes its decision on Thursday. Analysts expect the banks to maintain rates between 3.50% and 3.75% and at 2%, respectively. The Bank of England (BoE) also decides on interest rates on Thursday.
MC/LYT // AYLS
Lusa
