Portugal's benchmark stock gauge closed higher on Wednesday, supported by strength in Financials, Utilities and Technology, leaving the PSI up 0.96% at the end of trading in Lisbon.
The day's top performers on the PSI included EDP Renovaveis (ELI:EDPR), which climbed 3.20% - an increase of 0.44 points - to end the session at 14.19. Banco Comercial Portugues (ELI:BCP) added 2.80% or 0.03 points to finish at 0.96, and Teixeira Duarte (ELI:TDSA) rose 1.55% or 0.01 points to close at 0.43.
On the downside, Galp Energia Nom (ELI:GALP) fell 1.03% or 0.21 points to close at 19.75. Ren Redes Energeticas Nacionais SGPS SA (ELI:RENE) slipped 0.28% or 0.01 points to 3.59, and Nos SGPS SA (ELI:NOS) declined 0.28% or 0.02 points to finish the day at 5.41.
At the Lisbon exchange, advancing issues outnumbered decliners by 17 to 10, with three stocks ending unchanged.
Shares of Banco Comercial Portugues reached five-year highs during the session, gaining 2.80% or 0.03 to trade at 0.96 at the close.
Commodity markets were notably weaker. Brent crude for July delivery was down 6.24% or 7.00 to $105.10 a barrel. U.S. crude for July delivery fell 5.59% or 5.84 to $98.54 a barrel. The June Gold Futures contract dropped 0.45% or 20.49 to trade at $4,537.51 a troy ounce.
Foreign exchange moves were muted: EUR/USD was unchanged 0.22% at 1.16, while EUR/GBP was unchanged 0.16% at 0.86. The US Dollar Index Futures traded 0.11% lower at 99.00.
The session presented a mixed picture, with clear winners among some financial and renewable stocks and softer performances in parts of the energy complex, while commodity markets experienced pronounced declines in oil and a smaller fall in gold.