Portugal's equity market ended the trading day in Lisbon on a positive note on Thursday, with the PSI index up 0.43% at the close. Sector strength in Consumer Services, Financials and Basic Materials contributed to the upside, even though declines outnumbered advances across the exchange.
At the close, Sonae SGPS SA (YSO) was the top performer on the PSI, advancing 2.65% or 0.06 points to finish at 2.13. The share move took Sonae to an all-time high during the session. Jeronimo Martins SGPS SA (JMT) added 1.79% or 0.29 points to end the day at 16.47, while Semapa (SEM) rose 1.72% or 0.35 points to 20.75 in late trade.
On the downside, Teixeira Duarte (TDSA) fell 2.39% or 0.01 points to close at 0.49. Ren Redes Energeticas Nacionais SGPS SA (RENE) slipped 1.33% or 0.05 points to 3.71 and EDP Energias de Portugal SA (EDP) declined 1.00% or 0.05 points to 4.44.
Market breadth was tilted toward losers: falling stocks outnumbered advancing ones by 13 to 12, with 4 issues finishing unchanged on the Lisbon Stock Exchange.
Commodities and currency moves that accompanied the session included a drop in Brent oil for September delivery, which was down 1.88% or 1.47 to $76.55 a barrel. U.S. crude for August delivery fell 1.95% or 1.43 to $72.09 a barrel. In precious metals, the August Gold Futures contract rose 1.34% or 54.69 to trade at $4,137.09 a troy ounce.
On the currency front, EUR/USD was unchanged, moving 0.20% to 1.14, while EUR/GBP was unchanged, at 0.85, reflecting limited movement in the euro against major counterparts during the session. The US Dollar Index Futures was down 0.10% at 100.65.
Overall, the market's modest gain in Lisbon was driven by select large-cap strength despite a slightly larger number of declining names. Notable single-stock performances, including Sonae's record intraday level, helped lift the PSI into positive territory at the close.