Lisbon, March 12, 2025 (Lusa) - The Lisbon stock market on Tuesday morning maintained its opening trend and was trading higher, with shares in Mota-Engil up 1.3% to €3.11.
At around 9.30 a.m. in Lisbon, the benchmark PSI index was up 0.07% to 6,743.23 points, with seven shares rising, seven falling and one maintaining its price (Sonae at €1.01).
Mota-Engil's shares were followed by those of Corticeira Amorim, Altri and BCP, which rose 0.61% to €8.22, 0.58% to €6.05 and 0.57% to €0.52.
In the same trend, shares in Ibersol, EDP Renováveis and Semapa rose 0.46% to €8.80, 0.35% to €8.69 and 0.13% to €15.10.
By contrast, Jerónimo Martins shares fell by 0.99% to €20.06. Shares in NOS, Galp and Navigator also fell, 0.78% to 4.43 euros, 0.58% to 14.51 euros and 0.56% to 3.19 euros.
The other three stocks in the PSI that fell were CTT, REN and EDP, which fell 0.29% to €6.92, 0.19% to €2.65 and 0.13% to €3.17 respectively.
The main European stock markets were trading higher today, as fears of a recession in the US following the announcement of the agreement reached between US negotiators and Ukraine on a 30-day ceasefire in the latter country, which is being attacked by Russia.
The European Union meanwhile called for "swift and proportionate" measures against US imports, in response to the entry into force of new "unjustified" tariffs on European steel and aluminium.
In total, the EU's countermeasures could apply to exports of US goods worth up to €26 billion, equalling the economic reach of the US tariffs, said the European Commission, which said that its calculation was that they represent a value of €28 billion.
In Asia, the Tokyo Stock Exchange's main index, the Nikkei, closed almost flat on Wednesday, up just 0.07%, boosted by a weaker yen but limited by concerns about Trump's tariff policies.
The Wall Street stock market closed in the red again on Tuesday, following Monday's fall - which was one of the worst in months - after a series of announcements and counter-announcements during the day relating to proposed new tariffs on Canada.
Among the data presented during Tuesday's session were the results of Inditex, Spain's largest listed company, which made €5.866 billion in the fiscal year to 31 January 2025, representing a 9% year-on-year increase and enabling it to post its third consecutive year of record results.
On the commodities market, the price for delivery in May of Brent crude oil, the benchmark in Europe, rose to $69.96, compared to $69.56 on Tuesday.
The euro was weaker, at $1.0909 on the Frankfurt exchange market, compared to $1.0934 on Tuesday and $1.0218 on 13 January, which was its weakest since 10 November 2022.
MC/ARO // ARO.
Lusa
