Lisbon, Feb. 3, 2025 (Lusa) - The Lisbon stock market followed the declines of the main European markets on Monday with a fall of 0.89% in the PSI index, to 6,466.51 points, with BCP leading the losses.

Of the 15 shares that are included in the benchmark PSI (Portuguese Stock Market Index), six were up, seven were down and two were unchanged.

BCP fell 2.35% to €0.49 and REN recorded the PSI's biggest rise, advancing 1.05% to €2.40.

EDP Renováveis (-2.10% to €8.85) and Galp (-2% to €15.89) were also among the biggest fallers.

Galp's refining margin fell by 15% year-on-year in the last quarter of 2024, but increased by 12% compared to the previous quarter, the company announced today.

Mota-Engil lost 1.59% to €2.84 and Ibersol (€8.46), Navigator (€3.51) and EDP (€3.03) fell less than 0.50%.

In the opposite direction, CTT rose 1.02% to €5.95, Altri advanced 0.43% to €5.78 and Semapa 0.40% to €15.08.

Sonae (€0.90) and NOS (€3.40) ended with rises of less than 0.25%, while Jerónimo Martins (€19.05) and Corticeira Amorim (€8.45) were unchanged.

The main European stock markets closed lower, penalised by the tariffs announced by US leader Donald Trump on imports from several countries. Frankfurt fell by 1.40%, Madrid by 1.32%, Paris by 1.20%, London by 1.04% and Milan by 0.69%.

In Europe, shares in the automobile sector were among the most penalised. In Paris, Stellantis fell 4.48% and Renault 0.54% and in Germany, Volkswagen fell 4.10% and Mercedes 2.90%.

Trump signed an executive order on Saturday to apply tariffs of 25% to products from Canada and Mexico and additional duties of 10% to those from China. The measures were due to come into force on Tuesday, but today it was announced that the tariffs on Mexico would be suspended for a month.

In the middle of the session, the New York stock market eased the losses it had recorded at the opening and at 17:00 (Lisbon time), the Dow Jones index was down 0.30% and the Nasdaq 1.24%.

EO/AYLS // AYLS

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