Lisbon, July 27, 2026 (Lusa) - The Lisbon stock market was trading lower on Monday, with Galp down 3.20% to €19.39, after the oil company announced a 45% rise in first-half profits.
At around 9:30 a.m. in Lisbon, the PSI was extending its opening trend, falling by 0.95% to 9,127.62 points, with five companies down, 10 up and one unchanged (Mota-Engil at €4.62).
Galp's profits rose by 44% to €812 million in the first half of the year compared with the same period last year, driven by increased oil production in Brazil and the rise in the price of Brent crude, the oil company announced on Monday.
EDP Renováveis was also down, falling 2.60% to €13.85.
Galp and EDP Renováveis shares were followed by those of Sonae, EDP and REN, which fell by 2.20% to 2.0 euros, 2% to 4.51 euros and 1.74% to 3.67 euros, respectively.
Conversely, NOS, Navigator and Teixeira Duarte rose by 2.08% to €4.82, 1.73% to €3.18 and 1.349% to €0.49.
Semapa, Altri and CTT also rose by 1.2% to €20.20, 0.75% to €4.71 and 0.59% to €5.95.
BCP and Corticeira Amorim rose by 0.56% to €1.08 and 0.47% to €6.47, respectively.
The other two companies to rise were Ibersol (0.32% to €9.45) and Jerónimo Martins (0.06% to €16.82).
In Europe, the main stock exchanges opened higher today, with Brent crude falling by almost 7% due to the cessation of US attacks on Iran, reportedly because of a possible depletion of ammunition.
The euro has strengthened by 0.33% against the dollar, trading at $1.1407 on the Frankfurt foreign exchange market.
The price of the benchmark Brent crude oil contract in Europe fell by 6.91% to $90.09.
Similarly, the active natural gas contract on the Dutch TFF market, a benchmark in Europe, fell by 8.37% to €58.255 per megawatt-hour (MWh).
In New York, Dow Jones and Nasdaq futures rose by 0.85% and 1.56% respectively, after ending Friday's session mixed.
US President Donald Trump suspended the air strikes this weekend after heeding warnings from the Chairman of the Joint Chiefs of Staff, General Dan Caine, who cautioned that escalating the conflict with Iran would leave the US military without defences such as missile interceptors.
China's largest memory chip manufacturer, Changxin Memory Technologies (CXMT), rose by 456.82% today and led the second-largest initial public offering in mainland China's history, with a maximum size equivalent to around $9.8 billion.
In Europe, the week begins with Germany's Ifo business confidence index and a French debt auction for three-, six- and 12-month tenors.
In the United States, all eyes are on the Fed's (US Federal Reserve) decision on key interest rates on Wednesday, which the market expects to remain between 3.50% and 3.75%. Today, durable goods orders will be released, and there will be a debt auction for three- and six-month, and two- and five-year maturities.
A day after the Fed's interest rate decision, the Bank of England will announce its decision, followed by that of the Bank of Japan on Friday.
MC/ADB // ADB.
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