LUSA 04/16/2025

Lusa - Business News - Portugal: Stock market trading higher on Tuesday morning with BCP leading

Lisbon, April 15, 2025 (Lusa) - The Lisbon stock market was higher in Tuesday morning trading, with BCP shares leading the gains and rising 3.66% to €0.56, and NOS shares falling 4.69% to €4.06. At around 9.15 a.m. in Lisbon, the benchmark PSI (Portuguese Stock Market Index) was holding on to its opening trend and advancing 0.81% to 6,636.14 points, with nine shares rising, four falling and two remaining unchanged (Ibersol at €8.76 and Sonae at €1.09). BCP's shares were followed by EDP Renováveis, Mota-Engil and Galp, which were rising 1.83% to €7.52, 1.67% to €3.41 and 1.41% to €12.90. CTT, EDP and REN shares were up 1.31% to €6.95, 1.14% to €3.12 and 0.54% to €2.78. More moderately, Altri and Semapa shares were above the waterline 0.18% to €6.09 and 0.17% to €15.48. In the opposite direction, in addition to telecoms operator NOS, Jerónimo Martins, Navigator and Corticeira Amorim shares were also down 0.29% to €20.28, 0.25% to €3.22 and 0.13% to €7.42 respectively. The main European stock markets opened higher today, despite the possibility of the announcement of new tariffs on semiconductors and pharmaceuticals. The euro was stronger, rising to US$1.1344 on the Frankfurt exchange, up from US$1.1331 and US$1.1355 on 11 April, a new high since 18 February 2022. The markets are positive after US President Donald Trump announced tariff exemptions on smartphones and computer monitors on Sunday. However, in the last few hours it has become known that the Trump administration has launched national security investigations into imports of chips and pharmaceuticals, which, according to US media, will be used to impose new tariffs on these products. The day's agenda includes industrial production figures for the Eurozone and the ZEW survey on German economic expectations, while in the US the New York manufacturing survey will be published. Wall Street closed in the green on Monday, boosted by recent tariff exemptions on a number of electronic products. At this time, futures for the main Wall Street indicators are pointing to a slightly higher opening. The price of an ounce of gold, a safe-haven asset, was rising to US$3,218.33 per ounce, against US$3,207.64 on Monday and a new all-time high of US$3,237.61 seen on 11 April. The price of Brent oil for June delivery, the benchmark in Europe, advanced to US$65.35, against US$64.88 in the previous session, a day after the Organisation of Petroleum Exporting Countries (OPEC) revised down its oil production forecasts for this year and 2026. MC/AYLS // AYLS Lusa