Portugal's stock benchmark closed lower on Monday, with the PSI ending the session down 1.01% in Lisbon as losses in the Utilities, Financials and Consumer Goods sectors weighed on the market.
Market movers
The session's strongest performers on the PSI included Teixeira Duarte (ELI:TDSA), which rose 2.57% or 0.01 points to finish at 0.50. Holding gains, Nos SGPS SA (ELI:NOS) added 1.82% or 0.09 points to close at 4.81, while The Navigator Company SA (ELI:NVGR) was up 1.21% or 0.04 points to end the day at 3.17.
On the downside, Galp Energia Nom (ELI:GALP) led decliners, falling 3.25% or 0.65 points to trade at 19.38 at the close. EDP Renovaveis (ELI:EDPR) dropped 2.81% or 0.40 points to finish at 13.82, and EDP Energias de Portugal SA (ELI:EDP) slipped 2.17% or 0.10 points to close at 4.50.
Market breadth and internals
Falling stocks outnumbered advancing ones on the Lisbon Stock Exchange by 13 to 13 and 4 ended unchanged.
Commodities and currencies
Energy markets moved sharply: Brent oil for October delivery was down 5.67% or 5.20 to $86.48 a barrel. In U.S. crude, the September contract fell 6.81% or 6.08 to $83.23 a barrel. Precious metals saw a modest uptick, with the August Gold Futures contract rising 0.33% or 13.55 to trade at $4,084.35 a troy ounce.
In foreign exchange, EUR/USD was largely unchanged, moving 0.07% to 1.14, while EUR/GBP was unchanged 0.23% to 0.86. The US Dollar Index Futures was up 0.01% at 101.31.
Takeaway
The session closed with Portugal's benchmark under pressure, driven principally by losses in energy and related utility names. While a small set of stocks posted gains, broader sector weakness and notable commodity price drops marked the trading day.