PSI 20 at 9,237.47 Points as Corticeira Amorim Drags Lisbon Lower
Published on 11/03/2026 at 13:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSPSI 20 Midday Market Picture
- The PSI 20 stood at 9,237.47 points at 11:41 WET on November 3, 2026, down 0.16 percent.
- Corticeira Amorim was the main drag after reporting a 22.4 percent year-over-year decline in nine-month net profit.
- EDP Renováveis, NOS and EDP were among the stronger performers, while oil prices rose and weighed on the broader European opening.
The PSI 20 was trading lower on Tuesday, November 3, 2026, as weakness in Corticeira Amorim outweighed gains in several large Portuguese stocks. At 11:41 WET, equivalent to 12:41 in Berlin, the index stood at 9,237.47 points, down 14.99 points or 0.16 percent from the previous close, according to Yahoo Finance. The market was still open and the quote was marked as delayed.
Corticeira Amorim Leads Declines
Corticeira Amorim was down 8.99 percent in the Yahoo Finance snapshot, making it the clearest individual drag on the benchmark. The move followed the company's announcement that net profit for the first nine months fell 22.4 percent year over year to 35.447 million euros. Executive Digest, citing Lusa, said the result was affected by restructuring charges in the flooring segment and cost adjustments.
Banco Comercial Portugues was also weaker, down 2.83 percent in the same market snapshot. Semapa and Jerónimo Martins declined 1.11 percent and 0.32 percent, respectively. By contrast, EDP Renováveis advanced 2.39 percent, NOS rose 1.74 percent and EDP gained 0.68 percent. Galp Energia was up 0.10 percent, offering only limited support against the broader losses.
Oil and European Risk Tone
Trading began against a weaker European backdrop. Jornal Económico reported that the main European markets opened lower as oil prices rose, with Brent up 1.96 percent to 106.75 US dollars per barrel in its morning snapshot. The publication also cited uncertainty around diplomatic developments involving Iran and investor attention on the US midterm elections as part of the wider market setting. These factors provide context for the cautious tone but do not by themselves establish a direct causal link to the PSI 20's midday move.
The PSI 20 had closed the previous Lisbon session at 9,252.46 points, down 0.26 percent, according to the index coverage on Ad-hoc-news.de. The current level therefore represented a modest continuation of the prior session's weakness, while the sharp company-specific decline at Corticeira Amorim remained the most visible index-specific development. Further direction will depend on the remainder of the Lisbon session and developments in the wider European market. More PSI 20 coverage is available on the PSI 20 topic page.
