Stock Markets April 9, 2026 12:05 PM

Portuguese Market Climbs as PSI Hits New Five-Year Peak

Utilities, consumer goods and financials lift Lisbon benchmark; energy names among top gainers

By Marcus Reed
Portuguese Market Climbs as PSI Hits New Five-Year Peak

The Lisbon market closed higher on Thursday, with the PSI index rising 0.37% to reach a five-year high. Gains were concentrated in Utilities, Consumer Goods and Financials, while energy-related stocks registered notable advances. Decliners outnumbered advancers by a narrow margin and several commodities and currency benchmarks moved, with Brent and US crude rising and the US Dollar Index futures slipping.

Key Points

  • PSI closed up 0.37%, reaching a five-year high; gains led by Utilities, Consumer Goods and Financials.
  • Top individual performers included Ibersol SGPS, EDP Energias de Portugal and Ren Redes Energeticas; notable declines came from Teixeira Duarte, Altri and Semapa.
  • Commodities and currency benchmarks moved: Brent and US crude rose, June gold futures increased, EUR/USD and EUR/GBP showed small moves, and the US Dollar Index Futures fell.

Portugal's stock market ended Thursday's session in positive territory as sector strength in Utilities, Consumer Goods and Financials helped push the PSI index higher.

At the close in Lisbon, the PSI increased 0.37% and registered a new five-year high.

The session's top performer on the PSI was Ibersol SGPS (ELI:IBS), which advanced 3.12% - a 0.34 point gain - to finish at 11.24. Energy group EDP Energias de Portugal SA (ELI:EDP) rose 1.75%, adding 0.08 points to close at 4.76, while Ren Redes Energeticas Nacionais SGPS SA (ELI:RENE) climbed 1.56% or 0.06 points to end the day at 3.90.

Among the laggards, Teixeira Duarte (ELI:TDSA) slipped 2.11% - down 0.01 points - to close at 0.46. Altri SGPS SA (ELI:ALSS) declined 1.11%, a 0.06 point fall to 4.91, and Semapa (ELI:SEM) lost 0.88% or 0.20 points to finish at 22.65.

On the Lisbon Stock Exchange, there were 14 stocks that fell versus 11 that advanced, while 4 shares ended the session unchanged.

Shares in EDP Energias de Portugal SA (ELI:EDP) reached 52-week highs during the session, rising 1.75% or 0.08 to 4.76. Ren Redes Energeticas Nacionais SGPS SA (ELI:RENE) rose to all-time highs, advancing 1.56% or 0.06 to 3.90.

Commodity markets showed mixed moves. Brent oil for June delivery was up 0.87% or 0.82 to $95.57 a barrel. US crude for May delivery gained 3.79% or 3.58 to $97.99 a barrel, and the June Gold Futures contract increased 0.82% or 38.95 to trade at $4,816.15 a troy ounce.

Currency markets and benchmarks also moved: EUR/USD was unchanged 0.39% to 1.17, while EUR/GBP unchanged 0.03% to 0.87. The US Dollar Index Futures was down 0.43% at 98.50.


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Risks

  • A larger share of individual stocks declined than advanced on the session, indicating potential breadth risk for the market - relevant to Financials and Consumer Goods sectors.
  • Volatility in commodity prices, with significant moves in crude oil and gold, could create input-cost and margin pressures for energy-related and industrial companies.
  • Currency fluctuations and a softer US Dollar Index Futures may affect exporters and importers differently, introducing exchange-rate risk for companies exposed to foreign trade.

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