At approximately 09:20 in Lisbon, the PSI maintained its opening trend, decreasing by 0.90% to 8,240.31 points, after reaching a new high since January 2010 of 8,484.01 points on November 5, with all 16 stocks falling.
On Wednesday, Sonae announced that it posted profits attributable to shareholders of 200 million euros in the first nine months of the year, marking a 38% increase compared to the same period last year.
This result reflects “an improvement in the operational performance of businesses and a solid financial structure,” the group indicated, noting that in the third quarter, profits were 98 million euros, “a 34% increase compared to the previous year, supported by improved operational performance and reduced financial costs, driven by decreased net debt and a lower average cost of debt.”
Following Sonae, the shares of REN, Mota-Engil, and Semapa also fell, decreasing by 1.78% to 3.32 euros, 1.72% to 5.72 euros, and 1.68% to 17.56 euros, respectively.
On Thursday, REN announced that it recorded profits of 103.9 million euros in the first nine months of the year, an increase of 23.4% compared to the previous year.
According to REN, “this figure was influenced by an increase in financial results (+7 million euros), reflecting a reduction in net debt, as well as positive tax effects, which reduced tax expenses by 27.2 million euros.”
In the first nine months of 2025, the EBITDA (earnings before interest, taxes, depreciation, and amortization) reached 383.6 million euros, a decrease of 1.3% compared to the same period last year.
More moderately, shares of CTT, Altri, and Teixeira Duarte decreased by 1.37% to 7.19 euros, 1.33% to 4.81 euros, and 1.14% to 0.69 euros, respectively.
Similarly, shares of EDP Renováveis, BCP, and EDP fell by 0.86% to 11.55 euros, 0.85% to 0.81 euros, and 0.76% to 3.80 euros.
Shares of Navigator, Jerónimo Martins, and NOS dropped by 0.65% to 3.04 euros, 0.63% to 22.06 euros, and 0.55% to 3.64 euros, respectively.
The other three stocks that declined were Ibersol (-0.48% to 10.40 euros), Corticeira Amorim (-0.46% to 6.55 euros), and Galp (-0.03% to 18.14 euros).
The major European stock exchanges opened lower today, following Thursday’s trend, which had already ended in the ‘red,’ and the initial declines recorded by Asian and U.S. markets.
In a session with few references in Europe, the inflation rate in Spain stands out, which increased to 3.1% year-on-year in October, a tenth higher than in September and the highest rate since June 2024, due to rising electricity prices, while food inflation also rose by a tenth to 2.4%.
Meanwhile, the final data on economic growth for the third quarter will be released in the eurozone.
Stock futures in Wall Street are showing lighter declines than those recorded on Thursday, with the Dow Jones down by 0.20% and the Nasdaq by 0.50%.
Markets are now waiting for the release of data that couldn’t be known due to the U.S. government shutdown, including the official September employment report.
The lack of data complicates the short-term work of the U.S. Federal Reserve, while more analysts are beginning to doubt the likelihood of the institution implementing a new 25-basis-point interest rate cut in its next December meeting.
Brent crude, the benchmark in Europe, for delivery in January 2026, is rising to $63.98, compared to $63.01 on Thursday.
The euro fell to $1.1627 in the Frankfurt exchange market, against $1.1651 on Thursday and the new four-year high of $1.1865 recorded on September 16.
