Stock Markets January 26, 2026

Portugal Stocks Close Slightly Higher; PSI Advances 0.23%

Financials, Utilities and Basic Materials lead gains as market finishes marginally up in Lisbon

By Avery Klein
Portugal Stocks Close Slightly Higher; PSI Advances 0.23%

Portugal's main equity gauge, the PSI, closed higher on Monday, supported by advances in the Financials, Utilities and Basic Materials sectors. EDP Energias de Portugal, Banco Comercial Portugues and The Navigator Company were among the session's top performers, while Teixeira Duarte and Mota Engil were notable decliners. Commodity and currency moves included lower oil prices, a rise in gold futures, and modest shifts in major FX pairs.

Key Points

  • PSI closed up 0.23% with gains led by Financials, Utilities and Basic Materials.
  • Top PSI performers included EDP Energias de Portugal (+1.57%), Banco Comercial Portugues (+1.48%) and The Navigator Company (+0.93%).
  • Major decliners were Teixeira Duarte (-7.65%), Mota Engil (-1.70%) and Galp Energia (-1.44%); commodity and FX markets showed mixed moves.

Portugal's stock market ended Monday's trading with a modest gain as sector strength in Financials, Utilities and Basic Materials helped push the PSI up at the close in Lisbon. The benchmark index increased 0.23% by the trading session's end.

Among individual names, EDP Energias de Portugal SA posted the largest percentage increase on the PSI, rising 1.57% - an advance of 0.07 points - to finish at 4.28. Banco Comercial Portugues added 1.48%, up 0.01 points to close at 0.90. The Navigator Company SA also finished in positive territory, gaining 0.93% or 0.03 points to reach 3.24 in late trade.

On the downside, Teixeira Duarte recorded the steepest decline of the session, falling 7.65% - a drop of 0.04 points - to end at 0.50. Mota Engil SGPS SA decreased 1.70%, down 0.08 points to 4.40 at the close. Galp Energia Nom was lower as well, slipping 1.44% or 0.23 points to finish at 15.71.

Market breadth in Lisbon was narrowly negative with falling issues outnumbering advancers by 14 to 13, while four stocks finished unchanged.


Commodities trading during the session showed mixed moves. Brent oil for April delivery was down 0.29% or 0.19 to $64.88 a barrel. U.S. crude for March delivery fell 0.44% or 0.27 to $60.80 a barrel. Precious metals diverged from oil: the April Gold Futures contract increased 2.25% or 113.04 to trade at $5,130.04 a troy ounce.

Currency markets registered modest movement. The euro strengthened against the dollar, with EUR/USD up 0.49% to 1.19. EUR/GBP was recorded as unchanged 0.12% to 0.87. The US Dollar Index Futures slipped 0.66% to 96.76.


These closing figures reflect the end-of-day snapshot in Lisbon and the concurrent moves in commodity and currency markets published for the same session. No additional events or drivers beyond the reported price and percentage changes have been added.

Risks

  • Session breadth was narrowly negative with 14 decliners versus 13 advancers, indicating limited market breadth - this may affect sector performance, notably in Financials and Utilities.
  • Notable declines in individual stocks such as Teixeira Duarte and Mota Engil present downside risk for Basic Materials and construction-related exposures within the market.
  • Movements in commodities and currencies during the session - including lower oil prices and a sizeable rise in gold futures - introduce near-term volatility risk for energy and materials sectors.

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