LUSA 11/04/2025

Lusa - Business News - Portugal: Stock market trading higher with Galp gaining 1.41%

Lisbon, Nov. 3, 2025 (Lusa) - The Lisbon stock market maintained its opening trend and traded in the green today, with Galp's shares rising 1.41% to €17.64 and CTT's falling 4.64% to €7.20.

At around 9.15 a.m. in Lisbon, the PSI maintained its opening trend and advanced 0.11% to 8,435.91 points, with 12 shares rising, three falling, and one remaining unchanged (Ibersol at €10.01).

The PSI ended Thursday's session rising to 8,446.47 points, a new high since January 2010.

Galp's shares were followed by Jerónimo Martins, REN and EDP Renováveis, which also rose, namely 1.16% to €22.60, 1.07% to €3.30 and 0.95% to €12.80.

Corticeira Amorim, Teixeira Duarte and Navigator shares rose 0.69% to €7.33, 0.57% to €0.70 and 0.53% to €2.02.

In the same trend, Altri, Sonae and EDP shares rose by 0.51% to €4.95, 0.28% to €1.42 and 0.23% to €4.32, respectively.

The other two shares that rose were Semapa (0.22% to €18.14) and BCP (0.05% to €0.77).

In the opposite direction, like CTT, Mota-Engil, and NOS shares fell 0.75% to €5.95 and 0.41% to €3.74.

The main European stock markets also opened in the green today, in a week in which interest is centred on PMI data, corporate results still being released, and the progress of negotiations between Washington and Beijing.

In today's session, the markets are awaiting the release of the euro zone's PMI (Purchasing Managers' Index).

The markets continue to pay attention to the progress of negotiations between the US and China, and to corporate results, including those of Irish low-cost airline Ryanair, which made a net profit of €2.540 billion in the first half of the fiscal year (April-September), 42% more than in the same period in 2024, when it made €1.790 billion.

Also of note this week is the Bank of England's (BoE) decision next Thursday, in a context where market expectations of a possible interest rate cut are very subdued.

Wall Street closed Friday on a high with its three main indices posting monthly gains, thanks to a boost from the tech Nasdaq, which rose 4%.

The price of gold, historically considered a safe-haven asset in times of uncertainty, was rising today, with an ounce trading at $4,020.03, up from $4,002.92 on Friday and from the new all-time high of $4,347.86 seen on 20 October.

Meanwhile, Brent, the European benchmark crude oil for January 2026 delivery, is rising to $65.04, up from $64.77 on Friday.

On Sunday, ministers from eight countries in the OPEC+ alliance, led by Saudi Arabia and Russia, decided to increase oil supplies from December.

The euro was weaker at $1.1526 on the Frankfurt exchange, down from $1.1537 on Friday and a new four-year high of $1.1865 on 16 September.

MC/ADB // ADB.

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