Stock Markets February 17, 2026

Lisbon stocks tick higher as PSI closes at five-year peak

Utilities, financials and consumer services lift Portuguese benchmark amid mixed commodity moves

By Hana Yamamoto
Lisbon stocks tick higher as PSI closes at five-year peak

Portugal's benchmark PSI index closed higher Tuesday, rising 0.17% to reach a new five-year high. Gains were led by the Financials, Utilities and Consumer Services sectors, with energy names among the session's top performers. Broader market breadth was negative, while commodities and currency futures showed mixed action.

Key Points

  • PSI closed up 0.17% at a new five-year high, led by Financials, Utilities and Consumer Services.
  • Top individual gainers included Galp Energia Nom (ELI:GALP), EDP Energias de Portugal SA (ELI:EDP) and Ren Redes Energeticas Nacionais SGPS SA (ELI:RENE), which reached an all-time high.
  • Market breadth was negative with 15 decliners, 11 advancers and 4 unchanged; commodities and gold moved lower while the US Dollar Index Futures strengthened.

Portugal's equity market closed in positive territory on Tuesday as gains across Financials, Utilities and Consumer Services pushed the PSI up 0.17% at the Lisbon close, marking a new five-year high for the benchmark.

The session's strongest performers included Galp Energia Nom (ELI:GALP), which advanced 0.98% or 0.18 points to finish at 18.00. EDP Energias de Portugal SA (ELI:EDP) also rose 0.98% or 0.04 points to close at 4.35, and Ren Redes Energeticas Nacionais SGPS SA (ELI:RENE) added 0.53% or 0.02 to end the day at 3.82.

On the other side of the ledger, EDP Renovaveis (ELI:EDPR) was the weakest large-cap name, slipping 0.89% or 0.12 points to 13.32 at the close. Altri SGPS SA (ELI:ALSS) declined 0.83% or 0.04 to 4.76, while Mota Engil SGPS SA (ELI:MOTA) fell 0.68% or 0.03 to finish at 4.95.

Market breadth in Lisbon was tilted toward decliners: 15 stocks fell versus 11 that advanced, with 4 names unchanged at the end of trading.

Ren Redes Energeticas Nacionais SGPS SA (ELI:RENE) reached an all-time high during the session, rising 0.53% or 0.02 to 3.82.


Commodities and currencies

Oil and metal prices moved lower on the day. Brent crude for April delivery fell 2.29% or 1.57 to trade at $67.08 a barrel. US crude for April delivery dropped 1.18% or 0.74 to $62.01 a barrel. Precious metals were also weaker, with the April Gold Futures contract down 3.19% or 161.09 to trade at $4,885.21 a troy ounce.

Currency pairs traded with limited change: EUR/USD was unchanged 0.14% to 1.18, while EUR/GBP was unchanged 0.55% to 0.87. The US Dollar Index Futures rose 0.39% to 97.20.


Context for investors

Stocks in Portugal closed higher overall, but the session featured uneven participation across names and sectors. Energy-related companies were among the notable winners, and one index constituent recorded a new all-time high. At the same time, several large-caps lost ground and market breadth favored decliners.

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Risks

  • Narrow breadth despite the index gain suggests sector concentration risk, affecting Financials, Utilities and Consumer Services.
  • Falling energy and gold prices could weigh on commodity-linked sectors and exporters as Brent and US crude both declined.
  • A stronger US Dollar Index Futures reading may introduce currency-related pressure for exporters and internationally exposed firms.

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