Stock Markets February 25, 2026

Portugal market edges up as PSI closes at five-year high

Financials, Utilities and Industrials lead gains while select energy and materials names slip

By Priya Menon
Portugal market edges up as PSI closes at five-year high

Portugal's benchmark PSI index finished higher on Wednesday, rising 0.29% to reach a new five-year high. Strength in Financials, Utilities and Industrials underpinned the advance, with EDP Energias de Portugal among the session's leaders. A smaller group of energy and materials stocks weighed on performance, while oil, gold and FX markets showed mixed moves.

Key Points

  • PSI index closed up 0.29%, reaching a new five-year high at the Lisbon close.
  • Financials, Utilities and Industrials led the advance; EDP, Mota Engil and Banco Comercial Portugues were notable gainers.
  • Energy and materials names including Corticeira Amorim, Galp and Semapa finished lower; market breadth was 13 rising, 9 falling, and 8 unchanged.

Portugal's equity market closed higher in Lisbon on Wednesday, with the PSI index advancing 0.29% to register a new five-year high.

Gains were concentrated in several sectors, notably Financials, Utilities and Industrials, which collectively supported the market's upward movement by the close of trading.

Top performers

  • EDP Energias de Portugal SA (ELI:EDP) led the winners, rising 1.49% or 0.07 points to finish at 4.49. The stock moved up to a 52-week high in the session.
  • Mota Engil SGPS SA (ELI:MOTA) added 1.13% or 0.06 points to close at 5.35.
  • Banco Comercial Portugues (ELI:BCP) gained 1.13% or 0.01 points to end the day at 0.92.

Lagging names

  • Corticeira Amorim (ELI:CORA) was the weakest performer, slipping 1.01% or 0.07 points to close at 6.88.
  • Galp Energia Nom (ELI:GALP) declined 0.90% or 0.17 points to end at 18.26.
  • Semapa (ELI:SEM) fell 0.82% or 0.20 points to finish at 24.10.

Breadth on the Lisbon exchange skewed positive: 13 stocks rose versus 9 that fell, while 8 issues were unchanged at the close.

Commodity prices and currency markets showed mixed activity during the session. Brent crude for May delivery inched up 0.06% or 0.04 to $70.62 a barrel, while US crude for April delivery dipped 0.26% or 0.17 to $65.46 a barrel. Precious metals also moved, with the April Gold Futures contract rising 1.10% or 56.75 to trade at 5,233.05 a troy ounce.

In foreign exchange, EUR/USD was effectively unchanged around 1.18 with a recorded 0.30% move, and EUR/GBP showed little net change at 0.87 with a 0.18% move. The US Dollar Index Futures was lower, down 0.18% at 97.60.


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This summary reflects closing prices and market movements disclosed at the end of trading in Lisbon on Wednesday and the contemporaneous commodity and FX levels reported for the same session.

Risks

  • Selective weakness among energy and materials stocks - potential headwinds for those sectors given declines in Galp Energia, Semapa and Corticeira Amorim.
  • Narrow market breadth - with a modest difference between rising and falling issues, the advance may be vulnerable if positive sector momentum fades.
  • Commodity price volatility - mixed moves in crude and gold could introduce uncertainty for energy and resource-linked firms.

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