Lisbon, March 21, 2025 (Lusa) - The Lisbon stock market on Friday reversed the opening trend and traded higher, with Altri up 3.49% to €6.37 and, in the opposite direction, CTT down 2.04% to €7.21.
At around 09:20 in Lisbon, the PSI advanced 0.04% to 6,863.56 points, with seven shares rising, six falling and two remaining unchanged (EDP Renováveis at €8.36 and Ibersol at €8.86).
The Altri group said on Thursday that it recorded a profit of €107.2 million in 2024, up from the €42.8 million the previous year.
Total revenues, meanwhile, advanced by 8.5% to €855.3 million.
CTT's shares are being penalised after it announced a 24.7% drop in profits in 2024 compared to 2023, to €45.5 million, or €15 million less year over year.
Altri's shares were followed by those of Sonae, which also released results on Thursday (profit of €223 million in 2024, down from €357 million the previous year), Semapa and REN, which rose 1.75% to €1.05, 0.52% to €15.36 and 0.38% to €2.67.
In the same trend, BCP, NOS and Galp shares advanced 0.29% to €0.55, 0.23% to €4.31 and 0.16% to €15.80.
In the opposite direction, in addition to CTT shares, those of Mota-Engil, Jerónimo Martins and Corticeira Amorim fell 1.12% to €3.35, 0.93% to €19.27 and 0.25% to €8.04.
The other two shares to fall were Navigator and Semapa, down 0.12% to €3.27 and 0.10% to €3.15.
The main European stock markets traded lower today, affected by the fall in the banking sector. This followed Christine Lagarde, the president of the European Central Bank (ECB), warning of the negative impact of US tariffs on growth in the eurozone.
Today, the markets are paying attention to the European Commission (EC) 's publication of the preliminary March reading of the consumer confidence index, which is expected to have improved from the previous month.
Today's session will be marked by the quadruple expiry of derivatives contracts, which usually causes volatility and affects the behaviour of the stock markets.
Meanwhile, Wall Street closed in the red on Thursday amid uncertainty about the US economy.
This trend was transferred to Asia, where selling prevailed, especially in the Chinese markets.
The price of Brent oil for May delivery, the benchmark in Europe, rose to $72.15, compared to $72.00 on Thursday.
In commodities, gold was falling, with the price per ounce at $3,034.
The euro was weaker, at $1.0830 on the Frankfurt exchange, compared to $1.0845 on Thursday and $1.0218 on 13 January. This was its lowest level since 10 November 2022.
MC/ADB // ADB.
Lusa
