As of 09:35 in Lisbon, the PSI maintained its opening trend, decreasing by 1.09% to 8,391.91 points, down from a new high since January 2010 of 8,484.01 points recorded on November 5, with 12 stocks falling, two rising, and two remaining flat (Corticeira Amorim at 6.77 euros and Ibersol at 10.01 euros).
EDP announced on Wednesday that it recorded a profit of 952 million euros in the first nine months of the year, 12% less compared to the same period in 2024.
However, the recurring net income—which excludes extraordinary effects like asset sale gains—reached 974 million euros, up 5% year-on-year, benefiting from increased renewable capacity and the strong performance of electricity networks in Portugal and Spain.
Additionally, EDP Renováveis (EDPR) reported on Wednesday a profit of 107 million euros between January and September, 49% less than in the same months of 2024.
The EBITDA (earnings before interest, taxes, depreciation, and amortization) amounted to 1.390 billion euros in the first three quarters of the year, a 7% increase from the 1.294 billion euros in the same period of 2024.
EDP Renováveis, headquartered in Madrid, is a subsidiary majority-owned by the EDP Group, operating in the renewable energy sector.
Following the shares of the two EDP companies, the shares of Teixeira Duarte, Mota-Engil, and CTT also depreciated, specifically by 1.72% to 0.68 euros, 1.36% to 5.78 euros, and 0.83% to 7.20 euros, respectively.
More moderately, shares of Sonae and Semapa depreciated by 0.57% to 1.40 euros and 0.56% to 17.72 euros, while those of Jerónimo Martins and REN fell by 0.45% each to 22.04 euros and 3.34 euros.
Other declining stocks included Altri (-0.41% to 4.88 euros), Navigator (-0.20% to 3.03 euros), and Galp (-0.06% to 17.73 euros).
Conversely, BCP and NOS shares rose by 1.14% to 0.78 euros and 0.27% to 3.68 euros, respectively.
The major European stock exchanges opened today in negative territory, focusing on the Bank of England’s (BoE) decision on key rates, which is expected to remain unchanged, as well as on corporate earnings reports.
Wall Street closed higher on Wednesday, after the US Supreme Court expressed skepticism over President Donald Trump’s power to impose tariffs.
The automotive manufacturer Tesla is holding its annual shareholder meeting today, during which the result of a vote will determine whether CEO Elon Musk will receive a one billion dollar compensation in shares, allowing him to control the company.
Brent crude, the European benchmark for oil, for delivery in January 2026, is advancing to $63.53, compared to $63.52 on Wednesday.
The euro advanced to $1.1513 in the Frankfurt foreign exchange market, up from $1.1480 on Wednesday and from a new four-year high of $1.1865 registered on September 16.
