Stock Markets January 23, 2026

Portuguese Stock Market Closes Lower, PSI Declines Amid Sectoral Losses

Industrials, Consumer Services, and Financials Weigh on PSI Performance on Friday

By Priya Menon
Portuguese Stock Market Closes Lower, PSI Declines Amid Sectoral Losses

Portugal's main stock index, PSI, finished lower on Friday, dropping 0.54% as declining shares in the Industrials, Consumer Services, and Financials sectors pressured the overall market. While some companies like Ren Redes Energeticas Nacionais SGPS SA and Nos SGPS SA posted gains, broader market sentiment was negative with a majority of stocks falling by the close of trading in Lisbon. Commodity prices, including Brent and crude oil, showed notable gains, while currency pairs remained relatively stable.

Key Points

  • Portugal's PSI stock index closed down 0.54% on Friday, impacted mainly by losses in Industrials, Consumer Services, and Financials sectors.
  • Ren Redes Energeticas Nacionais SGPS SA, Nos SGPS SA, and Galp Energia Nom were the top performers in the session, showing gains between 1.46% and 1.98%.
  • Decliners outnumbered gainers two to one on the Lisbon exchange, with Teixeira Duarte and Mota Engil SGPS SA among the largest laggards.

At Friday's market close in Lisbon, Portugal's PSI stock index experienced a retreat, falling by 0.54%. The downturn was mainly influenced by losses in the Industrials, Consumer Services, and Financials sectors, which collectively dragged the index lower.

Among the stocks that advanced during the session, Ren Redes Energeticas Nacionais SGPS SA led gains with a 1.98% rise, climbing 0.07 points to close at 3.36. Nos SGPS SA followed, increasing by 1.51% or 0.07 points to reach a closing value of 4.38. Galp Energia Nom also contributed positively, ending the day up 1.46%, adding 0.23 points to finish at 15.94.

Conversely, some of the most notable declines were seen in Teixeira Duarte, which dropped 4.96% or 0.03 points to a closing price of 0.54. Mota Engil SGPS SA declined by 3.24%, losing 0.15 points and settling at 4.48. Additionally, Jeronimo Martins SGPS SA fell 1.94%, a decrease of 0.40 points, ending the session at 20.22.

On the Lisbon Stock Exchange, the number of declining stocks was twice that of advancing ones, with 16 stocks losing value compared to eight that gained, while six shares closed without change.

In commodity markets, March delivery Brent crude oil saw an increase of 2.56%, or $1.64, reaching $65.70 per barrel by close of trading. Simultaneously, March crude oil futures ascended 2.64%, up $1.57 to $60.93 per barrel. Gold futures for February delivery also experienced gains, climbing 1.44% or $70.89 to a price of $4,984.29 per troy ounce.

Currency movements were relatively subdued, with the EUR/USD pair unchanged at 1.18, and EUR/GBP remaining stable at 0.87. Meanwhile, the US Dollar Index futures slipped 0.41% to 97.77.

Risks

  • Sectoral downturns in Industrials, Consumer Services, and Financials sectors could influence investor sentiment and impact the Portuguese stock market performance.
  • Significant drops in key stocks such as Teixeira Duarte and Mota Engil hint at volatility and potential challenges within those companies or sectors.
  • Commodity price fluctuations, despite recent upward moves, introduce uncertainty for related markets and economies tied to oil and precious metals.

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