Lisbon, Nov. 27, 2025 (Lusa) - The Lisbon stock market is trading lower on Thursday morning, with Altri shares falling 1.20% to €4.52.

At around 9:35 a.m. in Lisbon, the benchmark PSI (Portuguese Share Index) was down 0.20% to 8,110.36 points, compared to a new high since January 2010 of 8,484.01 points on 5 November, with 12 stocks down, two rising and two maintaining their prices (CTT at €7.05 and Ibersol at €10.25).

Altri shares were followed by Navigator, Corticeira Amorim and BCP, which were also falling, by 0.78% to €3.04, 0.74% to €6.70 and 0.51% to €0.82.

Following the same trend, REN, Mota-Engil and Semapa shares were down 0.45% to €3.30, 0.37% to €4.81 and 0.36% to €16.64.

Shares in NOS, Galp and Sonae were off 0.27% to €3.70, 0.23% to €17.11 and 0.13% to €1.48, while those in Jerónimo Martins and EDP Renováveis were both falling 0.09% to €21.06 and €11.46.

In the opposite direction, EDP and Teixeira Duarte shares were rising 0.39% to €3.82 and 0.29% to €0.68.

The main European stock markets opened virtually unchanged today, on a day when they will not have the reference of Wall Street, which will remain closed due to Thanksgiving and will only operate for half a session on Friday.

The markets appear to be adrift, on a day with few references in Europe, on the macroeconomic agenda in which the only highlight is the publication in the eurozone of the sectoral business climate indices for the month of November, while negotiations for peace in Ukraine remain pending.

Wall Street closed higher on Wednesday, with a recovery in large technology companies that boosted the Nasdaq index in particular.

Given that European stock markets will not have the reference of Wall Street, which is closed due to Thanksgiving day in the US, a quiet session is expected in the main markets, which are likely to move within a narrow price range, while they are optimistic about the prospect of a cut in key interest rates by the US Federal Reserve (Fed) on 10th of December.

Brent, the benchmark crude oil in Europe, for delivery in January 2026, is falling to US$63.02, compared to US$63.13 in the previous session.

The euro is slightly stronger, rising to US$1.1594 on the Frankfurt foreign exchange market, compared to US$1.1593 on Wednesday and the new four-year high of US$1.1865 recorded on 16 September.

MC/AYLS // AYLS

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