Stock Markets August 6, 2026 12:08 PM

Lisbon market closes higher as utilities, telecoms and financials lead gains

PSI rises 0.52% after session; Ren, NOS and EDP Renovaveis among top performers as commodities and FX show mixed moves

By Nina Shah
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Portugal's benchmark PSI index finished the session higher, gaining 0.52% as advances in the Utilities, Telecoms and Financials sectors powered the market. Ren Redes Energeticas Nacionais SGPS SA, Nos SGPS SA and EDP Renovaveis were the strongest performers, while Sonae SGPS SA, Corticeira Amorim and Teixeira Duarte were among the laggards. Commodities and currency markets showed divergent moves, with Brent and crude futures higher and December gold futures lower.

Lisbon market closes higher as utilities, telecoms and financials lead gains
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Key Points

  • PSI index closed up 0.52% with Utilities, Telecoms and Financials providing upward momentum.
  • Leading individual winners were Ren Redes Energeticas Nacionais (ELI:RENE), Nos (ELI:NOS) and EDP Renovaveis (ELI:EDPR); main losers included Sonae SGPS (ELI:YSO) and Corticeira Amorim (ELI:CORA).
  • Commodities were mixed: Brent and crude futures rose while December gold futures declined; EUR crosses were largely unchanged and the US Dollar Index Futures was higher.

Portugal's equity market closed in positive territory on Thursday, with the PSI index up 0.52% at the Lisbon close. Broad gains were concentrated in the Utilities, Telecoms and Financials sectors, which together helped lift the benchmark.

On an individual stock basis, Ren Redes Energeticas Nacionais SGPS SA (ELI:RENE) was the session's top performer, rising 1.86% or 0.07 points to finish at 3.56. Nos SGPS SA (ELI:NOS) followed, adding 1.70% or 0.08 points to close at 4.90. EDP Renovaveis (ELI:EDPR) also recorded a notable advance, gaining 1.51% or 0.20 points to end the day at 13.42.

At the lower end of the PSI, Sonae SGPS SA (ELI:YSO) fell 1.91% or 0.04 points to close at 2.05. Corticeira Amorim (ELI:CORA) declined 0.45% or 0.03 points to 6.66. Teixeira Duarte (ELI:TDSA) was effectively unchanged at 0.49, showing a reported 0.00 point move.

Market breadth on the Lisbon exchange favored advancers: 13 stocks rose, seven declined and eight finished unchanged.

Commodity prices displayed mixed performance during the session. Brent oil for October delivery climbed 3.94% or $3.13 to $82.58 a barrel. Crude oil for September delivery increased 3.43% or $2.58 to $77.80 a barrel. By contrast, the December Gold Futures contract slipped 0.19% or $8.28 to trade at $4,296.92 a troy ounce.

In foreign exchange trading, the euro showed little change in the main crosses reported: EUR/USD was effectively unchanged, recorded at 1.15 with a 0.29% notation, while EUR/GBP was also largely unchanged at 0.86 with a 0.27% notation. The US Dollar Index Futures moved higher, up 0.31% to 99.85.


Market snapshot:

  • PSI index at close: +0.52%
  • Top gainers: Ren Redes Energeticas Nacionais SGPS SA (ELI:RENE) +1.86%, Nos SGPS SA (ELI:NOS) +1.70%, EDP Renovaveis (ELI:EDPR) +1.51%
  • Top decliners: Sonae SGPS SA (ELI:YSO) -1.91%, Corticeira Amorim (ELI:CORA) -0.45%, Teixeira Duarte (ELI:TDSA) unchanged

The session's activity underscores selective strength across sectors tied to utilities and telecoms, while a small group of industrial and materials names underperformed. Commodity moves were divergent, with energy contracts higher and gold lower, and currency benchmarks remaining stable in the reported measures.

Risks

  • Select names underperformed even as the index rose, indicating potential sector or stock-specific volatility that could affect portfolios concentrated in industrials and materials.
  • Divergent moves in commodities, with energy gains and gold declines, introduce uncertainty for energy-linked and precious metals exposures.
  • A small number of unchanged or declining stocks amid a broadly higher market suggests liquidity or idiosyncratic risks for some listed companies.

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