Lisbon, July 8, 2026 (Lusa) - The main Portuguese stock market index, the PSI, followed the opening trend and stood 0.92% down an hour and a half later, with BCP falling 3.87% and ranking among the four listed companies with losses of over 2.5%.
At 9:35 a.m. in Lisbon, the PSI stood at 9,164.28 points, 0.92% down, with 11 listed companies losing ground and three gaining, whilst Semapa and REN remained unchanged at €20.80 and €3.77 respectively.
The shares showing the strongest movement were led by BCP, which fell by 3.87% to trade at €1.03, followed by construction firms Mota-Engil (-2.67% to 4.59 euros), Teixeira Duarte (-2.64% to €0.52) and Jerónimo Martins (-2.60% to €16.48).
Also down by over 1% was CTT, whose share price fell 1.84% to €5.88.
Sonae fell by 0.95% to €2.09, Corticeira Amorim dropped by 0.93% to €6.37, EDP Renewables fell by 0.85% to €14.00, and Ibersol fell by 0.83% to €9.55.
NOS also lost 0.77% to €4.90, as did EDP, down 0.37% to €4.53.
Conversely, Galp led the gains, rising 2.77% from its opening price to €19.48.
Meanwhile, Navigator gained 0.48% to €3.32 and Altri 0.10% to €4.81.
European stock markets are continuing the downward trend seen at the end of Tuesday’s session and opened in negative territory, with investors keeping a close eye on the Middle East and wary of a bubble in the artificial intelligence (AI) sector.
Investors are turning their attention to the Middle East today, following fresh US strikes against Iranian positions in the Strait of Hormuz, in retaliation for attacks by the Revolutionary Guard on merchant ships.
This uncertainty has once again driven up the price of a barrel of oil, with Brent for September delivery rising by more than 5% to reach $78.06, whilst WTI climbed 35.32% to $74.19.
US President Donald Trump said on Wednesday that the ceasefire with Iran is over and branded Iranian leaders as “scum” and liars.
“As far as I’m concerned, it’s over,” Donald Trump told journalists on the sidelines of the NATO summit, which ends today in Ankara, the capital of Turkey.
Trump stated that he “prefers not to deal with these people any more”, describing Iranian leaders as “scum”, “liars”, and “violent and cruel people who would use nuclear weapons if they had any”.
On Tuesday, Wall Street closed lower, with shares in the semiconductor and communications equipment sectors leading the falls, whilst the energy sector was the best performer.
The Dow Jones fell by 0.25%, the S&P 500 dropped by 0.45%, and the Nasdaq fell by 1.16%.
The International Monetary Fund (IMF) is updating its global economic outlook today, having forecast in April that global growth would be 3.1% and global inflation close to 4.4%.
JO/ADB // ADB.
Lusa
