Lisbon, Sept. 2, 2025 (Lusa) - The Portuguese stock market was trading 0.8% lower on Tuesday morning, to 7,748.32 points, with all the shares registering losses, maintaining the opening trend.
By 9.35am, all 15 securities that make up the main index of the Portuguese stock market, the PSI, had been falling since the market opened, with seven losing more than 1%.
With the biggest losses were Sonae, Mota-Engil and EDP Renováveis, which were down 1.69%, 1.42% and 1.37% respectively to €1.28, €4.87 and €10.07.
Also showing significant variations were CTT (-1.36% to €7.24), REN and EDP (-1.34% to €2.94 and €3.76) and Jerónimo Martins (-1.31% to €21.06).
BCP was down 0.58 % to €0.72.
With more modest falls were Galp (-0 .03% to €16.70), Altri (-0.20% to €5.03) and NOS (-0.38% to €3.94).
The PSI is mirroring the trend seen in most of the main European markets, with Frankfurt and Madrid losing around 1.00%, Milan 0.70% and London 0.35%, while Paris was the exception (gains of 0.14%).
Outside the PSI, shares in metal constructor and shipbuilder Martifer were trading at €2.32, down 0.85% on the opening and -4.53% on the previous close. Since the start of the session, 3,760 shares have been traded in 16 operations.
Martifer's Board of Directors considered that the takeover bid launched by Visabeira was appropriate, given the geopolitical and macroeconomic uncertainty, and that the offer (of €2.057 per share) should be accepted by the shareholders.
"[...] Given the current geopolitical and macroeconomic uncertainty, the Board of Directors believes that [...] the offer and its conditions are appropriate," reads a report sent to the Portuguese Securities Market Commission on Monday.
On 6 August, Visabeira Indústria SGPS launched a general and mandatory takeover bid for all the shares representing the share capital of Martifer - SGPS.
Eurostat is today releasing its flash estimate of inflation in the Eurozone in August, after stabilising at a rate of 2% in July, while the markets are counting on US participation again today.
The euro was trading at US$1.1666 at the opening and the price of Brent oil, the European benchmark, was up 0.70% to US$68.65 a barrel.
JO/AYLS // AYLS
Lusa
