Portugal's main stock index finished lower at the close on Wednesday, pressured by declines in several cyclical sectors. The PSI index fell 0.88% at the Lisbon close as selling outpaced buying across the bourse.
Session movers
Among individual stocks, Jeronimo Martins SGPS SA (ELI:JMT) was the session's top performer on the PSI, edging up 0.17% or 0.03 points to finish at 17.50. Ren Redes Energeticas Nacionais SGPS SA (ELI:RENE) also posted a modest gain, adding 0.14% or 0.01 points to close at 3.66. Mota Engil SGPS SA (ELI:MOTA) ended the day unchanged at 4.69, with a 0.00% move.
On the downside, Teixeira Duarte (ELI:TDSA) led losses, sliding 2.64% or 0.01 points to trade at 0.52 at the close. EDP Renovaveis (ELI:EDPR) fell 1.92% or 0.26 points to end at 13.29, while Galp Energia Nom (ELI:GALP) dropped 1.85% or 0.35 points to close at 18.35.
Market breadth and sectors
Decliners outnumbered advancers on the Lisbon Stock Exchange by 17 to 6, with 6 stocks finishing unchanged. The session's downward pressure was concentrated in the Utilities, Financials and Consumer Goods sectors, which collectively weighed on the PSI's performance.
Commodities and FX
Commodities traded lower during the session. Brent crude for September delivery fell 3.62% or $2.78 to $74.02 a barrel. U.S. crude for August delivery declined 3.78% or $2.77 to $70.44 a barrel. The August gold futures contract was down 3.16% or $131.05 to trade at $4,018.35 a troy ounce.
In currency markets, the euro-dollar exchange rate was quoted at 1.14, described in the session data as unchanged 0.26%. The euro-pound rate was unchanged at 0.86 (0.00%). The U.S. Dollar Index Futures was higher, up 0.20% at 101.38.
What to watch
The day’s price action left Portugal’s benchmark posting a modest decline while a small subset of stocks managed flat or positive finishes. Market participants may continue to monitor movements in global commodity prices and currency indicators for further influence on energy and broader equity sentiment in Lisbon.
Data referenced in this report reflect late-session prices and percentage moves recorded at the close in Lisbon.