PSI 20 falls 0.8 percent as Galp sinks on Moeve talks end

PSI 20 fell 69 points, or 0.8 percent, to 9,176 points on October 26 as Galp's collapse outweighed gains across much of Lisbon. The energy company fell after ending merger talks with Moeve, despite reporting adjusted net income of EUR 682 million, up 68 percent year over year, Jornal Economico reported.

Galp fell 10.8 percent, making it the index's weakest performer. The company also raised its 2026 adjusted EBITDA outlook to EUR 5 billion, but the breakdown of talks with Moeve dominated the session, Investing.com said.

Why did PSI 20 fall despite broad gains?

Ten PSI constituents rose, while six fell, according to Lusa coverage. Galp's decline was large enough to pull the benchmark lower despite gains in several heavyweight and renewable-energy shares, Lusa reported.

Winners and losers in PSI 20

Winners and losers at the October 26 close were listed by Investing.com:

• EDP Renovaveis up 2.9 percent
• Mota Engil up 2.8 percent
• Semapa up 2.1 percent
• Galp down 10.8 percent: merger talks with Moeve ended without agreement
• Jeronimo Martins down 1.9 percent
• Nos down 1.0 percent

PSI 20 reaches a one-month low

The index finished at a one-month low. Brent crude fell to USD 111.38 a barrel, while December WTI traded at USD 102.44, according to the same market summary.

What comes next for PSI 20?

• October 27, 2026, 8:00 a.m. WET: PSI 20 trading resumes in Lisbon, with the next session opening time set by Euronext.

PSI 20 price data for October 26, 2026

PSI 20 closed at 9,175.73 points on October 26, according to Jornal Economico. It lost 68.89 points, or 0.8 percent, versus the previous close of 9,244.62 points shown by Euronext.

More market reports and analysis on the PSI 20