Stock Markets June 25, 2026 12:05 PM

Lisbon Market Closes Higher as Utilities, Industrials and Materials Lead Gains

PSI rises 1.12% with Teixeira Duarte among top advancers; oil and gold also move higher

By Marcus Reed
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Portugal's benchmark PSI index rose 1.12% at Thursday's close, driven by gains in the Utilities, Industrials and Basic Materials sectors. Teixeira Duarte, EDP Renovaveis and EDP Energias de Portugal were the session's strongest performers, while Jeronimo Martins, Nos and Altri registered declines. Commodity markets saw firming prices for Brent, U.S. crude and gold, and currency moves were modest.

Lisbon Market Closes Higher as Utilities, Industrials and Materials Lead Gains
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Key Points

  • Portugal's PSI index closed up 1.12% on Thursday, supported by gains in Utilities, Industrials and Basic Materials.
  • Top individual performers included Teixeira Duarte (ELI:TDSA) +6.78%, EDP Renovaveis (ELI:EDPR) +2.86% and EDP Energias de Portugal SA (ELI:EDP) +2.78%.
  • Commodities were firmer with Brent at $75.04/barrel, U.S. crude at $71.59/barrel and August gold futures at $4,051.52/oz; currency moves were modest.

Portugal's stock market finished higher on Thursday as sector-level advances in Utilities, Industrials and Basic Materials pushed the PSI index up by 1.12% at the close in Lisbon.

Among individual names, Teixeira Duarte (ELI:TDSA) led gains on the PSI, rising 6.78% - an increase of 0.04 points - to finish at 0.55. Renewable energy and power group EDP Renovaveis (ELI:EDPR) added 2.86% or 0.38 points to close at 13.67, while EDP Energias de Portugal SA (ELI:EDP) was up 2.78% or 0.12 points to end the session at 4.51.

On the downside, Jeronimo Martins SGPS SA (ELI:JMT) posted the largest decline among the named components, slipping 0.63% or 0.11 points to trade at 17.39 at the close. Telecommunications operator Nos SGPS SA (ELI:NOS) fell 0.29% or 0.02 points to close at 5.20. Altri SGPS SA (ELI:ALSS) registered no change for the day, remaining flat at 4.88.

Breadth on the Lisbon Stock Exchange favored advancers: 16 stocks rose compared with seven that fell, and four ended the day unchanged.


Commodities moved higher alongside the equity gains. Brent oil for September delivery increased 1.58% - a rise of $1.17 - to $75.04 a barrel. U.S. crude for August delivery climbed 1.78% or $1.25 to reach $71.59 a barrel. Precious metals also strengthened, with the August Gold Futures contract up 1.07% or $42.72 to trade at $4,051.52 a troy ounce.

Currency markets were relatively steady. EUR/USD was unchanged 0.19% to 1.14, while EUR/GBP was unchanged 0.17% to 0.86. The US Dollar Index Futures moved lower, down 0.26% at 101.13.


Key market movers and commodity prices reported in this session provide a snapshot of activity across Portugal's main sectors and linked global markets. The strongest equity moves were concentrated in companies tied to construction and energy generation, while retail and telecommunications names featured among the day's laggards.

No additional market commentary or forward-looking statements are made beyond the reported closing figures and session statistics.

Risks

  • Market breadth showed a smaller number of declining stocks versus rising ones, indicating potential concentration risk in the day's gains - this affects equity investors and sector exposure.
  • Commodity price volatility, as illustrated by moves in Brent and U.S. crude, represents uncertainty for energy-related sectors and companies with fuel cost exposure.
  • Currency fluctuations, although modest in this session, pose an ongoing risk for exporters and importers operating across the euro, sterling and dollar markets.

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