PSI remains in 'green'. Ibersol rises more than 2%

The Lisbon stock exchange remains in the 'green' mid-session, with an increase of 0.34% to 7,698.13 points.

Leading the way is Ibersol, up 2.08% to €9.80, followed by REN, up 2.05% to €3.235. EDP Renováveis rose 1.67% to €10.34, BCP added 1.20% to €0.6724, and Galp advanced 0.06% to €16.16.

In contrast, NOS fell 3.74% to 3.60 euros, CTT lost 0.79% to 7.51 euros, Jerónimo Martins fell 0.46% to 21.82 euros and Mota-Engil fell 0.14% to 4.180 euros.

The main European markets recorded losses, with the DAX losing 0.99% to 24,150.00 points, the CAC40 falling 0.74% to 7,740.54 points and the IBEX35 falling 0.04% to 14,022.05 points.

Millennium Investment Banking market analyst Ramiro Loureiro states that " European stock markets remain mostly down, on a morning without any major macroeconomic or corporate highlights. Investors appear to be showing some caution, ahead of US trade negotiations and awaiting financial statements from technology giants. The utilities sector is leading the gains. The media sector is buoyed by reports that UMG is seeking a US listing. Natural resources rounds out the podium, boosted by another positive day in the commodities market, particularly iron ore. The chemicals sector, on the other hand, is the one declining the most, following Akzo Nobel's financial statements."

"In Lisbon, the PSI contrasts with its peers, with Ibersol leading, followed by REN and EDP Renováveis (EDPR), both of which were upgraded by investment houses. BCP also saw Barclays raise its target price, and Galp received multiple upgrades. NOS, on the other hand, is the biggest decliner, with the revenue slowdown reported in the second quarter overshadowing its strong profit performance," the analyst notes.

In the oil market, Texas-based WTI lost 0.77%, settling at $65.44 per barrel, while Brent fell 0.75% to $68.69. Natural gas fell 2.05% to $3.257.

In the foreign exchange market, the euro appreciated 0.08% against the dollar, settling at 1.1705 dollars.