Lisbon, May 15, 2025 (Lusa) - The Lisbon stock market was trading lower on Thursday morning, with the PSI falling 0.40%, Altri shares down 5.12% to €6.12 and CTT shares up 3.06% to €6.74.
At around 09:35 in Lisbon, the PSI maintained its opening trend and fell 0.40% to 7,149.08 points, with 11 stocks down, two up and two unchanged (Ibersol at €9.16 and REN at €2.71).
Altri announced on Wednesday that it had completed the purchase of Galician forestry company Greenalia Forest and Greenalia Logistics from Smarttia, a ‘strategic step’ in consolidating its presence in Galicia.
‘This operation represents an important milestone for implementing the company's projects in that autonomous region and reflects Altri's commitment to sustainable development and the enhancement of Galicia's natural resources,’ it said in a statement.
Altri's subsidiary in Spain, Greenfiber, has a project for a pulp mill in Palas de Rei, Galicia, which is causing strong local opposition. The Spanish government has already announced that this investment will not receive European funds, as requested by the company, which has already said it will appeal this decision.
Altri shares were followed by EDP Renováveis and Galp, which rose 2.57% to €8.90 and 1.65% to €13.98.
More moderately, Jerónimo Martins, Navigator and EDP shares fell 0.56% to €21.12, 0.51% to €3.49 and 0.50% to €3.37.
Shares in Mota-Engil, Semapa and NOS fell 0.43% to €4.18, 0.34% to €17.74 and 0.14% to €3.68.
The other two stocks that fell were Corticeira Amorim and BCP, which lost 0.12% to €8.20 and 0.09% to €0.63.
In contrast, after CTT shares, the only ones to rise were Sonae, up 0.18% to €1.10.
The main European stock markets opened lower today, pending peace talks on the conflict in Ukraine.
In addition to the peace talks on the conflict in Ukraine, investors were watching the macroeconomic front closely following the announcement that the United Kingdom's gross domestic product (GDP) grew 0.7% in the first quarter of the year, partly due to an increase in the industrial sector.
Wall Street futures point to declines after closing mixed on Wednesday.
Several macroeconomic indicators will be released in the United States, including April retail sales, PPI, and industrial production data, as well as the advance inquiry into manufacturing in May for New York and Philadelphia.
On the commodities market, both gold and oil fell.
Gold per troy ounce, a safe-haven asset, was down 1% to $3,144.49, compared with $3,188.60 on Wednesday and the current all-time high of $3,414.65 recorded on 21 April.
The price of Brent crude oil for July delivery, the benchmark in Europe, fell 3.28% to $63.75 per barrel, compared to $66.09 on Wednesday.
The euro was stronger at $1.1212 on the Frankfurt currency market, compared with $1.1189 on Wednesday and $1.1509 on 21 April, a new high since 12 November 2021.
MC/ADB // ADB.
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