Portugal's stock market finished the trading day in positive territory on Friday, with the PSI index advancing 1.40% to register a new one-month high. Strength in the Utilities, Technology and Financials sectors provided the main upward momentum across the Lisbon exchange.
The session's strongest performers included Teixeira Duarte (ELI:TDSA), which rose 3.23% - equal to a 0.02-point gain - to close at 0.54. Energy names were also among the leaders: EDP Energias de Portugal SA (ELI:EDP) climbed 2.97% or 0.14 points to finish at 4.69, while EDP Renovaveis (ELI:EDPR) gained 2.20% - a 0.31-point increase - to end the day at 14.37.
On the downside, Jeronimo Martins SGPS SA (ELI:JMT) led decliners, falling 1.37% or 0.23 points to close at 16.60. The drop took JMT to a 52-week low. Corticeira Amorim (ELI:CORA) eased 0.76% or 0.05 points to 6.50, and CTT Correios de Portugal SA (ELI:CTT) slipped 0.57% or 0.04 points to 6.08.
Market breadth favored advancers: 20 stocks rose versus nine that fell, while five issues finished unchanged on the Lisbon Stock Exchange.
Commodities and currencies
Commodity prices showed a mixed picture midday into late trading. Brent oil for September delivery increased 0.35% or $0.25 to reach $72.05 a barrel. US crude for August delivery was up slightly, gaining 0.04% or $0.03 to trade at $68.72 a barrel. Precious metals moved higher as well, with the August Gold Futures contract rising 1.23% or $50.61 to trade at $4,176.31 a troy ounce.
Foreign-exchange pairs mentioned in market data were largely stable. EUR/USD was essentially unchanged, moving 0.03% to 1.14, while EUR/GBP was flat, up 0.02% to 0.86. The US Dollar Index Futures traded marginally lower by 0.01% at 100.61.
Session takeaways
- PSI rose 1.40% to a one-month high, led by gains in Utilities, Technology and Financials.
- Top gainers included Teixeira Duarte (ELI:TDSA), EDP (ELI:EDP) and EDP Renovaveis (ELI:EDPR).
- Jeronimo Martins (ELI:JMT) fell to a 52-week low, while Corticeira Amorim (ELI:CORA) and CTT (ELI:CTT) were among the laggards.
Trading concluded with the PSI at its highest level in a month and a clear skew toward advancing issues on the exchange.