Portugal's stock market closed lower on Friday, with the PSI index ending the session down 0.66%. Market weakness was led by declines across the Utilities, Industrials and Consumer Services sectors.
Among individual names, Ibersol SGPS (ELI:IBS) was the session's top performer on the PSI, advancing 1.73% - a gain of 0.20 points - to finish at 11.78. Semapa (ELI:SEM) also posted a positive move, climbing 1.72% or 0.40 points to close at 23.60. Altri SGPS SA (ELI:ALSS) rounded out the leading gainers, rising 1.16% or 0.06 points to end the day at 5.24.
On the downside, Galp Energia Nom (ELI:GALP) recorded the largest loss, sliding 3.07% or 0.61 points to settle at 19.10. Mota Engil SGPS SA (ELI:MOTA) fell 1.81% - a decline of 0.09 points - to close at 4.66, while Ren Redes Energeticas Nacionais SGPS SA (ELI:RENE) slipped 0.97% or 0.04 points to finish at 3.58.
Market breadth on the Lisbon exchange showed more risers than fallers, with 15 stocks advancing, 10 declining and 4 ending unchanged.
In commodities trading, Brent oil for July delivery rose 1.00%, up $1.03, to $103.61 a barrel. U.S. crude for July delivery increased 0.81% or $0.78 to $97.13 a barrel. Precious metals moved differently: the June Gold Futures contract fell 0.49% or $22.18 to trade at $4,520.32 a troy ounce.
Currency moves were modest. EUR/USD was unchanged 0.15% to 1.16, while EUR/GBP was unchanged 0.18% to 0.86. The U.S. Dollar Index Futures rose 0.17% to 99.27 by the close.
Session snapshot:
- PSI: -0.66% at close
- Top gainers: Ibersol SGPS (ELI:IBS) +1.73%, Semapa (ELI:SEM) +1.72%, Altri SGPS SA (ELI:ALSS) +1.16%
- Largest decliners: Galp Energia Nom (ELI:GALP) -3.07%, Mota Engil SGPS SA (ELI:MOTA) -1.81%, Ren Redes Energeticas Nacionais SGPS SA (ELI:RENE) -0.97%
- Market breadth: 15 up, 10 down, 4 unchanged
- Commodities: Brent $103.61/bbl, U.S. crude $97.13/bbl, June Gold Futures $4,520.32/oz
- FX and rates: EUR/USD 1.16, EUR/GBP 0.86, U.S. Dollar Index Futures 99.27
The trading day delivered a mixed picture: a small decline in the headline index, a handful of stocks posting gains, and some energy sector names among the heaviest drags on the PSI. Commodity and currency moves were modestly directional and reflected in the session's price action.