The Lisbon stock exchange was down, with Galp falling 8.97% to EUR 20.90, after announcement of end of negotiations and increase in profits in the third quarter.
© Lusa
26/10/2026
by
Lusa
A lisbon stock exchange was down today, with Galp falling 8.97% to EUR 20.90, after announcing the end of negotiations with Moeve and an increase of 68% in profits in the third quarter.
Around 09:40 in Lisbon, PSI dropped 0.64% to 9,185,04 points, with five companies falling, 10 rising and one maintaining the quotation (Sonae at 2,14 euros).
Today, Galp announced the end of negotiations with Moeve for a possible combination of fuel refining and marketing business, as no agreement has been reached between the parties.
It also announced that profit increased by 68% in the third quarter, to EUR 682 million, driven by the growth of production in Brazil, by exports of refined products and by the purchase and sale of oil and gas in international markets.
The oil company raised the forecast of gross operating results (EBITDA) from EUR 4,000 million to EUR 5,000 million, adjusted to 2026, with higher estimates for oil prices and refining margins.
The actions of Galp followed those of NOS, Jerónimo Martins and Corticeira Amorim, which devalued 2.03% to 5.06 euros, 0.71% to 18.25 euros and 0.58% to 6.86 euros, as well as EDP, which fell 0.04% to 4.69 euros.
On the contrary, Mota-Engil and CTT both rose from 2.4%, respectively 2.41% to 4.60 euros and 2.40% to 5.54 euros.
BCP, Teixeira Duarte and Navigator rose by 1.60% to 1.08 euros, 1.18% to 0.43 euros and 0.88% to 2.97 euros.
More moderately, EDP Renewables, Semapa and Ibersol advanced 0.68% to 11.90 euros, 0.52% to 19.20 euros and 0.39% to 10.34 euros.
The other two companies that won were Altri (0.35% for EUR 4.29) and REN (0.28% for EUR 3.55).
In Europe, the main grants opened today on high, supported by the drop in oil prices, at the beginning of a week that will be marked by business results and meetings of various central banks.
Madrid was the exception, since it fell 0.59%, affected by the fall of values linked to Brazil, after the re-election of Luiz Inácio Lula da Silva as President of the country, after winning in the second round Flávio Bolsonaro, which had won in the first round.
The euro was stable against the dollar, above $1.12, and valued 0.02% to $1.1204 on the Frankfurt exchange market.
The price of Brent's generic barrel contract, a reference in Europe, dropped 1.41% to $115.06.
The futures of the U.S. indices show a slight gain for Dow Jones and a 0.20% drop for Nasdaq technology.
Wall Street closed on Friday in red after a volatile week marked by uncertainty about the conflict between the US and Iran, and new doubts among investors about the sustainability and security of artificial intelligence (IA).
In this context, on Tuesday begins the two-day meeting of the US Federal Reserve (Fed) which, according to the market expects, will keep interest rates unchanged.
The Bank of Canada will also announce its decision on interest rates on Wednesday, while the Bank of Japan will begin its two-day monetary policy meeting, the decisions of which will be known on Thursday.
On the same Thursday, the European Central Bank (ECB) will also meet.
On the debt market, Germany's 10-year bond interest, considered the safest in Europe, rose to 3.377% against 3.344%, while France's interest fell to 4.988% against 5.017 %.