By 09:20 in Lisbon, the PSI rose 0.11% to 6,841.10 points, with nine stocks gaining, four declining, and two remaining unchanged (Corticeira Amorim at 8.01 euros and NOS at 4.30 euros).
The stocks of CTT and Mota-Engil were followed by Navigator, REN, and EDP, with rises of 0.79% to 3.30 euros, 0.56% to 2.68 euros, and 0.55% to 3.10 euros, respectively.
Similarly, shares of Galp, Altri, and Sonae advanced by 0.48% to 15.60 euros, 0.41% to 6.07 euros, and 0.19% to 1.04 euros.
Semapa shares increased by 0.13% to 15.82 euros.
Conversely, shares of Jerónimo Martins and EDP Renováveis dropped by 0.97% to 19.38 euros and 0.82% to 7.84 euros.
The other declining stocks were those of BCP and Ibersol, specifically down 0.24% to 0.57 euros and 0.23% to 8.80 euros, respectively.
The major European stock exchanges were mixed today, with few references in Europe, except for the UK inflation in February, which fell to 2.8%, while the focus remained on tariff policies.
Investors were awaiting peace talks in Ukraine and Trump’s tariffs. In Spain, it was confirmed today that the Spanish economy closed 2024 with a growth of 3.2%, half a point above the 2023 increase of 2.7%, mainly due to a boost in domestic consumption and investment despite weaker external demand.
Meanwhile, Wall Street closed in positive territory on Tuesday, driven by the announcement from US President Donald Trump of exceptions to the tariffs set to begin in April.
Brent crude oil for May delivery, the European benchmark, rose to .16, up from .02 on Tuesday.
Gold rose 0.27%, with the price of an ounce at ,029.2.
The euro fell, trading at .0790 in the Frankfurt currency market, down from .0810 on Tuesday and .0218 on January 13, the lowest since November 10, 2022.
