Market updates: Magazine Luiza rises and Triunfo secures Brazilian road concession

Several companies in Brazil and Portugal reported significant market movements and operational developments in September 2026.

In Brazil, Magazine Luiza shares rose by 2.22 percent to 5.98 BRL on September 22, outperforming the Ibovespa index, which grew by only 0.74 percent during the same period. Meanwhile, infrastructure firm Triunfo Participacoes e Investimentos S.A. secured a new 30-year road concession in Mato Grosso. As part of a consortium, Triunfo will help manage 634 kilometers of highways critical for transporting agricultural goods such as soy, corn, cotton, and meat. The project involves annual investments of 93 million BRL.

In Portugal, Jeronimo Martins experienced a sharp decline in its stock price. Following a reported quarterly profit of 0.72 USD per share, the stock closed at 17.66 Euro in Lisbon on September 19, marking a weekly loss of 20.9 percent. Despite the earnings exceeding the consensus expectation of 0.60 USD per share, the market reacted negatively, suggesting investor concerns regarding future outlooks and operating margins.