Portugal's principal stock index ended the trading session lower on Friday, with the PSI falling 0.19% as several sectors posted losses. Technology, Consumer Goods and Basic Materials were the primary drags on the market, while a handful of names in utilities and telecommunications recorded modest gains.
At the close in Lisbon, the PSI registered a decline of 0.19%.
Top performers
- EDP Energias de Portugal SA (EDP) rose 0.70% - up 0.03 points to finish at 4.47.
- Nos SGPS SA (NOS) also climbed 0.70% - up 0.03 points to close at 4.92.
- Ibersol SGPS (IBS) gained 0.21% - an increase of 0.02 points to end the day at 9.38.
Lagging stocks
- Altri SGPS SA (ALSS) fell 1.06% - down 0.05 points to 4.68 at the close.
- CTT Correios de Portugal SA (CTT) declined 1.02% - a 0.06-point drop to 5.80.
- The Navigator Company SA (NVGR) slipped 0.91% - down 0.03 points to 3.27.
Market breadth on the Lisbon Stock Exchange showed more declines than advances: 15 stocks fell, 8 advanced and 6 finished unchanged.
Commodities and FX moves
Energy and commodity contracts moved lower during the session. Brent oil for September delivery was down 0.72%, losing $0.55 to trade at $75.75 a barrel. U.S. crude for August delivery fell 1.07%, a drop of $0.77 to $71.31 a barrel. Gold futures for August declined 0.53%, slipping $22.08 to trade at $4,118.72 a troy ounce.
Foreign-exchange rates were largely flat to slightly lower: EUR/USD was essentially unchanged, moving 0.07% to 1.14, while EUR/GBP was unchanged at 0.85. The U.S. Dollar Index Futures (DX) was down 0.13% at 100.56.
What this means for market participants
The close reflects a modest negative session for the Portuguese market, with pressure concentrated in specific sectors rather than a broad-based selloff. Utilities and telecommunications names provided some support, while basic materials and select consumer and technology names contributed to the decline. Commodity markets, including crude oil and gold, also moved lower during the trading day.