Lisbon, Jan. 23, 2026 (Lusa) - The Lisbon stock market is trading lower on Friday morning, with Teixeira Duarte and EDP Renováveis shares falling 1.42% to €0.56 and 1.31% to €12.81, respectively.
At around 9:30 a.m. in Lisbon, the benchmark PSI (Portuguese Share Index) had reversed its opening trend and was falling 0.20% to 8,587.35 points, with 12 stocks falling and four rising, after closing at a new high since January 2010 of 8,639.05 points on 16 January.
Teixeira Duarte and EDP Renováveis shares were followed by Semapa and Sonae, which were both falling 0.68% to €21.8 and €1.75, respectively.
Following the same trend, Altri, BCP and Mota-Engil shares were down by 0.55% to €4.50, 0.51% to €0.90 and 0.48% to €4.61. Corticeira Amorim shares were falling by 0.44% to €6.79.
CTT and Navigator shares were both down 0.43% to €6.93 and €3.23, and the other two shares that were below the waterline were Jerónimo Martins (-0.19% to €20.58) and NOS (-0.12% to €4.31).
In the opposite direction, Galp and Ibersol shares were rising 1.27% to €15.90 and 0.96% to €10.50.
REN and EDP shares were also on the rise, by 0.76% to €3.32 and 0.31% to €4.23.
On Thursday, after the market closed, EDP released data on its operations in 2025, when it increased electricity production by 12% to 64 TWh, with renewable energies accounting for almost 90% of the total.
The main European stock markets opened today with slight declines, following the geopolitical easing of tensions over the future of Greenland and the United States' threat to Iran.
Markets are watching Iran closely following the calming of the situation in Greenland, after US President Donald Trump assured that his country has a "huge fleet" heading for waters near Iran and warned Tehran of the need to cease repression against the wave of protests shaking the Persian country.
Wall Street closed on Thursday with gains of 0.63% for the Dow Jones and 0.91% for the Nasdaq.
On today's macroeconomic agenda, Europe will see the release of preliminary January PMIs for the eurozone, France, Germany and the United Kingdom, as well as the United States.
The new tensions, now with Iran, have once again pushed the price of gold to a new all-time high before the opening of the session, with an ounce standing at US$4,967.09, although the rise has now slowed, while silver also managed to exceed US$99, despite now being below that level.
The price of gold, historically considered a safe haven asset in times of uncertainty, continued to rise today, with an ounce trading at US$4,923.42, a new all-time high, compared to US$4,904.62 on Thursday.
The ounce of silver was also rising to US$97,8050, a new all-time high, compared to US$96,3171 on Thursday.
In the commodities market, Brent, the benchmark crude oil in Europe, for March delivery, is up 0.56% to US$64.55, compared to US$64.06 in the previous session, and West Texas Intermediate (WTI), the benchmark in the US, is up 0.67% to US$59.76.
The euro is weaker, falling to US$1.1740 on the Frankfurt foreign exchange market, compared to US$1.1747 on Thursday and the new four-year high of US$1.1865 recorded on 16 September last year.
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